BEED 1-A Taxation System in the Philippines
Quiz by Joyce Anne Bobiles
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- Q1
It refers to the practice of a government collecting money from its citizens to pay for public services.
Excise Tax
Taxation
Income Tax
Sales
10s - Q2
It is based on the ability-to-pay principle wherein people with higher income should pay more
Business Tax
Income Tax
Excise Tax
Consumption Tax
10s - Q3
Who pays the taxes in the Philippines?
Professionals
Government Officials
Citizens of the Philippines
Businessman
10s - Q4
It is based on the amount of goods and services utilized such that the more you consume, the higher the tax you pay.
Consumption Tax
Real Property Tax
Value Added Tax
Excise Tax
10s - Q5
What are the legal basis of the Philippine Taxation?
Article VI, Section 28 of the 1987 Philippine Constitution
Article VII, Section 28 of the 1987 Philippine Constitution
Article VII, Section 8 of the 1987 Philippine Constitution
Article VI, Section 8 of the 1987 Philippine Constitution
10s - Q6
It is enacted as Republic Act No. 8424 or the Tax Reform Act of 1997.
Users enter free textType an Answer10s - Q7
It includes salaries, wages, taxable bonuses, fringe benefits, and other allowances.
Users enter free textType an Answer10s - Q8
It is a form of excise tax which is based on weight, volume capacity, or any other physical unit of measurement.
falsetrueTrue or False10s - Q9
If you have an income of 560,000 a month, your tax to pay for a year is Php 70, 000.
falsetrueTrue or False60s - Q10
It is a type of indirect tax imposed on goods and services. It is typically passed on the buyer as part of the selling price.
Users re-arrange answers into correct orderJumble10s - Q11
It is a business tax imposed on persons/ entities/ transactions: who sell or lease goods, properties, or services in the course of trade or business and are exempt from VAT.
Income Tax
Business Tax
Percentage Tax
Excise Tax
60s - Q12
What is the income tax rate for corporations?
40%
50%
20%
30%
10s - Q13
This is an example of a commodity subject to excise taxes.
Healthy Foods
International Airline
International Vessels
Motor Vehicles
10s - Q14
If you won the Philippine Charity Sweepstakes Office Lotto of 27,441,058.00, the tax you will pay is:
Php 5, 489, 211.6
Php 5, 488, 211.5
Php 5, 488, 211.6
Php 5, 487, 211.6
10s - Q15
The income tax rate for literary works and musical compositions is 10%
truefalseTrue or False10s