Tax as distinguished from license fee a non payment

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South-Western Federal Taxation 2020: Comprehensive
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Chapter 27 / Exercise 6
South-Western Federal Taxation 2020: Comprehensive
Maloney/Raabe/Young
Expert Verified
47. Tax as distinguished from license fee:A.Non-payment does not necessarily render the business illegal;B.A regulatory measure;C.Imposes in the exercise of police power;D.Limited to cover cost of regulation.
48. Which statement refers to police power as distinguished from taxation?
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The document you are viewing contains questions related to this textbook.
South-Western Federal Taxation 2020: Comprehensive
The document you are viewing contains questions related to this textbook.
Chapter 27 / Exercise 6
South-Western Federal Taxation 2020: Comprehensive
Maloney/Raabe/Young
Expert Verified
49. The distinction of a tax from permit or license is that a tax is:
50. Which of the following is not an example of excise tax:
51. Value-added tax is an example of:A.Graduated tax;B.Progressive tax; C.Regressive tax;D.Proportional tax
52. Which statement is wrong?
53. Which of the following is nota deduction from the gross estate under the NationalInternal Revenue Code?
54. The following are the requisites in order that claims against the decedent’s estate may bedeductible, except:
55. Which of the following is deductible from the gross estate?A.Income tax paid on income received after death;B.Property taxes not accrued prior to death;C.Estate tax paid to a foreign country;D.Donor’s tax accrued prior to death.
MidtermSemi-final
1.Gross estate includes all his property, real or personal, tangible or intangible wherever situated, except
2.Written notice shall be given to the CIR if the gross estate exceeds
3.From the time of death, notice of death should be given within
4.As a rule, estate tax return should be filed under oath if the gross estate exceedsA. P100,000B. P200,000C. P500,000D. P1,000,000

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