Principles of Taxation for Business and Investment Planning 2022 25th Edition by Sally Jones Test ba
1.
Award: 10.00 points
2.
Award: 10.00 points
3.
Award: 10.00 points
Payment of a tax entitles the payer to a specific good or service from the government.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-01 Define tax, taxpayer, incidence, and
jurisdiction.
A user fee entitles the payer to a specific good or service from the government.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-01 Define tax, taxpayer, incidence, and
jurisdiction.
A tax is intended to deter or punish unacceptable behavior.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-01 Define tax, taxpayer, incidence, and
jurisdiction.
4.
Award: 10.00 points
5.
Award: 10.00 points
6.
Award: 10.00 points
7.
Award: 10.00 points
A tax is a payment to support the cost of government.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-01 Define tax, taxpayer, incidence, and
jurisdiction.
Under U.S. tax law, corporations are entities separate and distinct from their shareholders.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-01 Define tax, taxpayer, incidence, and
jurisdiction.
The person who pays a tax directly to the government always bears the economic incidence of the tax.
True
False
References
True / False Difficulty: 2 Medium Learning Objective: 01-01 Define tax, taxpayer, incidence, and
jurisdiction.
In some cases, the payer of a tax can shift the economic incidence of the tax to a third party.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-01 Define tax, taxpayer, incidence, and
jurisdiction.
8.
Award: 10.00 points
9.
Award: 10.00 points
10.
Award: 10.00 points
11.
Award: 10.00 points
The U.S. government has jurisdiction to tax individuals who are not U.S. citizens but who are permanent U.S. residents.
True
False
References
True / False Difficulty: 2 Medium Learning Objective: 01-01 Define tax, taxpayer, incidence, and
jurisdiction.
The U.S. government has jurisdiction to tax individuals who are not U.S. citizens or permanent U.S. residents but who earn income from a source within
the United States.
True
False
References
True / False Difficulty: 2 Medium Learning Objective: 01-01 Define tax, taxpayer, incidence, and
jurisdiction.
The U.S. government does not have jurisdiction to tax U.S. citizens who are permanent residents of another country.
True
False
References
True / False Difficulty: 2 Medium Learning Objective: 01-01 Define tax, taxpayer, incidence, and
jurisdiction.
A tax with a graduated rate structure must have at least two brackets of tax base.
True
False
References
True / False Difficulty: 2 Medium Learning Objective: 01-02 Express the relationship between tax
base, rate, and revenue as a formula.
12.
Award: 10.00 points
13.
Award: 10.00 points
14.
Award: 10.00 points
15.
Award: 10.00 points
A sales tax is an example of a transaction-based tax.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-02 Express the relationship between tax
base, rate, and revenue as a formula.
A tax on net income is an example of a transaction-based tax.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-02 Express the relationship between tax
base, rate, and revenue as a formula.
A sales tax is an example of an activity-based tax.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-02 Express the relationship between tax
base, rate, and revenue as a formula.
Ad valorem property taxes are the major source of revenue for local governments.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-03 Describe the taxes levied by local
governments.
16.
Award: 10.00 points
17.
Award: 10.00 points
18.
Award: 10.00 points
19.
Award: 10.00 points
Taxes on personal property are more difficult to administer and enforce than taxes on real property.
Award: 10.00 points
2.
Award: 10.00 points
3.
Award: 10.00 points
Payment of a tax entitles the payer to a specific good or service from the government.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-01 Define tax, taxpayer, incidence, and
jurisdiction.
A user fee entitles the payer to a specific good or service from the government.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-01 Define tax, taxpayer, incidence, and
jurisdiction.
A tax is intended to deter or punish unacceptable behavior.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-01 Define tax, taxpayer, incidence, and
jurisdiction.
4.
Award: 10.00 points
5.
Award: 10.00 points
6.
Award: 10.00 points
7.
Award: 10.00 points
A tax is a payment to support the cost of government.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-01 Define tax, taxpayer, incidence, and
jurisdiction.
Under U.S. tax law, corporations are entities separate and distinct from their shareholders.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-01 Define tax, taxpayer, incidence, and
jurisdiction.
The person who pays a tax directly to the government always bears the economic incidence of the tax.
True
False
References
True / False Difficulty: 2 Medium Learning Objective: 01-01 Define tax, taxpayer, incidence, and
jurisdiction.
In some cases, the payer of a tax can shift the economic incidence of the tax to a third party.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-01 Define tax, taxpayer, incidence, and
jurisdiction.
8.
Award: 10.00 points
9.
Award: 10.00 points
10.
Award: 10.00 points
11.
Award: 10.00 points
The U.S. government has jurisdiction to tax individuals who are not U.S. citizens but who are permanent U.S. residents.
True
False
References
True / False Difficulty: 2 Medium Learning Objective: 01-01 Define tax, taxpayer, incidence, and
jurisdiction.
The U.S. government has jurisdiction to tax individuals who are not U.S. citizens or permanent U.S. residents but who earn income from a source within
the United States.
True
False
References
True / False Difficulty: 2 Medium Learning Objective: 01-01 Define tax, taxpayer, incidence, and
jurisdiction.
The U.S. government does not have jurisdiction to tax U.S. citizens who are permanent residents of another country.
True
False
References
True / False Difficulty: 2 Medium Learning Objective: 01-01 Define tax, taxpayer, incidence, and
jurisdiction.
A tax with a graduated rate structure must have at least two brackets of tax base.
True
False
References
True / False Difficulty: 2 Medium Learning Objective: 01-02 Express the relationship between tax
base, rate, and revenue as a formula.
12.
Award: 10.00 points
13.
Award: 10.00 points
14.
Award: 10.00 points
15.
Award: 10.00 points
A sales tax is an example of a transaction-based tax.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-02 Express the relationship between tax
base, rate, and revenue as a formula.
A tax on net income is an example of a transaction-based tax.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-02 Express the relationship between tax
base, rate, and revenue as a formula.
A sales tax is an example of an activity-based tax.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-02 Express the relationship between tax
base, rate, and revenue as a formula.
Ad valorem property taxes are the major source of revenue for local governments.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-03 Describe the taxes levied by local
governments.
16.
Award: 10.00 points
17.
Award: 10.00 points
18.
Award: 10.00 points
19.
Award: 10.00 points
Taxes on personal property are more difficult to administer and enforce than taxes on real property.