Question: MODULE 8: TAXATION PLEASE COPY THE LINK AND PASTE IT IN NEW TAB https://gofile.io/d/4c35YL THE NOTES WILL GUIDE YOU TO ANSWER THE QUESTIONS BELOW. Multiple

MODULE 8: TAXATION PLEASE COPY THE LINK AND PASTE IT IN NEW TAB https://gofile.io/d/4c35YL THE NOTES WILL GUIDE YOU TO ANSWER THE QUESTIONS BELOW.

MODULE 8: TAXATION PLEASE COPY THE LINK AND PASTEMODULE 8: TAXATION PLEASE COPY THE LINK AND PASTEMODULE 8: TAXATION PLEASE COPY THE LINK AND PASTEMODULE 8: TAXATION PLEASE COPY THE LINK AND PASTEMODULE 8: TAXATION PLEASE COPY THE LINK AND PASTEMODULE 8: TAXATION PLEASE COPY THE LINK AND PASTE
Multiple Choice: Read and understand the statements/questions carefully. Choose the letter of the correct answer. 1. The primary purpose of taxation is: a. To enforce contribution from its subject for private purpose. b. To raise revenue for the government. c. To achieve economic and social stability. d. To regulate the conduct of business or profession 2. What is the basis of taxation? a. Necessity b. Constitutionality C. Reciprocal duties of support and protection d. Public purpose 3. Who is not subject to Philippine personal tax? a. Resident alien b. Resident citizen C. Non-resident citizen d. None of these 4. Requiring non-resident aliens residing outside the country to file tax returns here in the Philippines would more likely result in: a. Violation of constitutional limitation b. Violation of inherent limitation c. Violation of both inherent and constitutional limitations d. No violationWhat I Can Do The lifeblood doctrine of taxation explains that taxes are crucial and requisite to the continued existence of the government. Choose one from the following pairs of words and explain why they are comparable and analogous to the relationship of taxes and the government. 1. Human being and blood 2. Plants and the sun 3. Cellphone and battery 4. Car and fuel8. Who is required to pay income tax? a. A non-resident alien. b. An OFW working in Dubai. c. A Filipino accountant conducting business in Hongkong. d. A Filipino private company employee living in the Philippines. 9. What do you call to the tax imposed due to practice of profession? a. Income tax C. Excise Tax b. Business tax d. Value Added Tax 10. Who is considered as the tax-law making body of the state? a. BIR c. Senate b. Congress d. Dept. of Finance1Watch the BIR 2015 Tax Campaign video. \"Angst Pa provided in the box below. After watching the video, answer the questions that follow: https : / [www.youtube.con1/watch?v= 1 2p_vn1jthw 1. What is your reaction after watching the video? 2. What is the main theme of the video? 3. In your own ways, 1111'? can you help ensure that taxes are paid and used correctly? 6. What do you think would be the impact in the collection of taxes due to COVID 19 to Small and Medium Enterprises (SMEs)? 32 7. Explain the ability to pay principle. Cite an example.5. The Japanese government invested P100,000,000.00 in a domestic bank and earned P10,000,000.00 interest. Which is correct? a. The income is exempt on grounds of territory. b. The income is exempt due to international comity. c. The income is subject to tax on the basis of sovereignty. d. The income is subject to tax because the income is earned within the Philippines. 6. STATEMENT 1: Tax impose to all employees is progressive. STATEMENT 2: The congress passes the national laws including tax laws. Which statement correct? a. Statement 1 b. Statement 2 c. Statement 1 and 2 d. Both statements are incorrect 17 7. Which of the following statement is incorrect? a. Cash dividends are taxed. b. Lotto winnings are subject to income tax. c. Employees annual salary is exempted from tax if gross income is P250,000. d. None of the above

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!