6. Which of the following is gerally serving the regulatory function of taxation? a. Real Estate Tax b. Income Tax c. Customs Duties d. Estate Tax

Income Tax Fundamentals 2020
38th Edition
ISBN:9780357391129
Author:WHITTENBURG
Publisher:WHITTENBURG
Chapter2: Gross Income And Exclusions
Section: Chapter Questions
Problem 1MCQ: The definition of gross income in the tax law is: All items specifically listed as income in the tax...
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6. Which of the following is
g erally serving the regulatory
function of taxation?
a. Real Estate Tax b. Income Tax c.
Customs Duties d. Estate Tax
7. Which of the following could
not be considered as a purpose of
taxation?
a. To raise revenue to support the
government. b. To distribute the
wealth of the nation. c. To check
inflation. d. To impose monetary
burden to the people.
8. Which of the following
business taxes serve more the
regulatory functions of taxation?
a. Value Added Tax b. Percentage
Tax c. Excise Tax d. Documentary
Stamp Tax
Transcribed Image Text:6. Which of the following is g erally serving the regulatory function of taxation? a. Real Estate Tax b. Income Tax c. Customs Duties d. Estate Tax 7. Which of the following could not be considered as a purpose of taxation? a. To raise revenue to support the government. b. To distribute the wealth of the nation. c. To check inflation. d. To impose monetary burden to the people. 8. Which of the following business taxes serve more the regulatory functions of taxation? a. Value Added Tax b. Percentage Tax c. Excise Tax d. Documentary Stamp Tax
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