quiz enumeration

Question 1

Enumerate the three inherent powers of the state.(3)

Answer 1

Police Power
Taxation Power
Power of Eminent Domain

Question 2

Enumerate the objects of taxation (3)

Answer 2

Persons
Properties
Excise Objects

Question 3

Enumerate the justifications for the exercise of eminent domain.

Answer 3

Just Compensation
Public Use
Due Process of Law
Necessity

Question 4

Enumerate the stages in the exercise of taxation.

Answer 4

Levy or imposition
Assessment and Collection
Payment
Refund

Question 5

Enumerate the requisites of a valid police measure.

Answer 5

Lawful Means
Lawful Subject

Question 6

Enumerate the three types of Non-Resident Alien taxpayers in the Philippines.

Answer 6

Non Resident Alien Engaged in Business or Trade
Non Resident Alien Not Engaged in Business or Trade
Non Resident Alien Employed by Regional Head Quarters (RHQ)

Question 7

Enumerate three kinds of fringe benefits taxatle under Philippine tax law.

Answer 7

Vehicles of any kind
Housing
life or health insurance
Educational Assistance to the employee and dependants

Question 8

List four allowable deductions for YouTubers as business expenses under the NIRC

Answer 8

filming expense
computer equipment
home office expense
office supplies