INSTRUCTIONS: To all of my students under Income Taxation (Tax 1) subject, this will be the set of final examination for your final grade. Please carefully read the following multiple choices and be guided with the instruction I handed to you last meeting. Please click any of your preferred e-mail servers before answering: YAHOO! GOOGLE AOL MAIL HOTMAIL WINDOWS LIVE MAIL MAIL.COM GENERAL PRINCIPLES (1) Which of the following statements is not correct? a. Taxes may be imposed to raise revenues or to provide distinctive disincentives to certain activities within the state; b. The state can have the power of taxation even if the Constitution does not expressly give it the power to tax; c. For the exercise of the power of taxation, the state can tax anything at any time; d. The provisions of tax in the Phil...
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