St.

Joseph College of Bulacan TX1 - INCOME TAXATION

Prof. Jennifer Malabrigo
PRINT NAME: ________________________________________________
Quiz # 1 (20 points) Identify the following (25 minutes):

Date: 7/04/15
Score: _____________

1. The inherent power of the state to impose and demand contribution upon
persons, properties, or rights for the purpose of generating revenues for
public purposes.
2. In 19th century, it served as an identification card that had to be carried at
all times.
3. In earliest taxes in Rome, who introduced the inheritance tax to provide
retirement funds for the military?
4. It was the residence tax during the Spanish times. It may be paid in cash or
kind, partly, or wholly.
5. Mandated to comprehend the assessment and collection of all national
internal revenue taxes, fees and charges so as to promote a sustainable
economic growth.
6. This number is required for any individual taxpayer
7. Taxes imposed on the income of the taxpayers from whatever sources it is
derived
8. Taxes assessed on things or property of a certain class.
9. These are taxes of fixed amount upon residents or persons of a certain
class without regard to their property or business.
10. A tax on the privilege of transmitting ones property or property rights to
another or others without adequate and full valuable consideration.
11. A tax on the right of transmitting property at the time of death and on the
privilege that a person is given in controlling to a certain extent the
disposition of his property to take effect upon death.
12. A tax imposed on any person who, in the course of trade or business sells,
barters, exchanges, leases, goods or properties, renders services, or
engages in similar transactions.
13. A tax imposed upon documents, instruments, loan agreements and papers
and upon acceptance of assignments, sales and transfers of obligation,
rights or property incident thereto.
14. It happens when there is fraud through pretension and the use of other
illegal devices to lessen ones taxes.
15. The process of passing the burden of the tax to others.

16-18 What are the three inherent power of the state? (3 points)

19-20 What are the two limitations on the power of taxation? (2 points)

St. Joseph College of Bulacan TX1 - INCOME TAXATION

Prof. Jennifer Malabrigo
Quiz # 1 (25 points) Identify the following (30 minutes):
Taxation
BIR
TIN
Income Taxes

Property taxes
Personal, capitation or
poll taxes
Gift or Donors Tax

Estate or Inheritance Tax

Value added tax
Documentary Stamp tax
Tax Evasion

Score: _____________

1. The inherent power of the state to impose and demand contribution

upon persons, properties, or rights for the purpose of generating
revenues for public purposes.
2. Mandated to comprehend the assessment and collection of all national
internal revenue taxes, fees and charges so as to promote a sustainable
economic growth.
3. This number is required for any individual taxpayer
4. Taxes imposed on the income of the taxpayers from whatever sources it is
derived
5. Taxes assessed on things or property of a certain class.
6. These are taxes of fixed amount upon residents or persons of a certain
class without regard to their property or business.
7. A tax on the privilege of transmitting ones property or property rights to
another or others without adequate and full valuable consideration.
8. A tax on the right of transmitting property at the time of death and on the
privilege that a person is given in controlling to a certain extent the
disposition of his property to take effect upon death.
9. A tax imposed on any person who, in the course of trade or business sells,
barters, exchanges, leases, goods or properties, renders services, or
engages in similar transactions.
10. A tax imposed upon documents, instruments, loan agreements and papers
and upon acceptance of assignments, sales and transfers of obligation,
rights or property incident thereto.
11. It happens when there is fraud through pretension and the use of other
illegal devices to lessen ones taxes.
12. The process of passing the burden of the tax to others.

Shifting Taxation
Power of eminent domain, 16-18 What are the three inherent power of the state? (3 points)
police power, power of
taxation
Constitutional and 19-20 What are the two limitations on the power of taxation? (2 points)
Inherent limitations
21-25 Give five entities that are exempted from taxation. (5 points)
Ans: Religious Institutions; Charitable Institutions; Non-Profit, Non-Stock
Educational Institutions; Non-profit Cemeteries; Government Institutions; Foreign
Diplomats