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Basic Economics With Taxation And Land Reform Removal Examination

Name: ____________________________                                                             Date: __________________

Instruction: The examination consist of six (6) items. Discuss each item concisely.

  1. What is taxation?
  2. What is the primary purpose of taxation?
  3. What is the meaning of taxes?
  4. May levying of taxes be also made by a local legislative body?
  5. Discuss the following essential characteristics of tax.
  6. It is an enforced contribution.
  7. It is generally payable in money.
  8. It is levied by the law-making body of the state.
  9. It is levied for public purpose or purposes.
  10. The following are the nature of the power of taxation. Discuss.
  11. It is legislative in character.
  12. It is subject to constitutional and inherent limitations.
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