The government called uponitsresidents and citizens to pay taxes to the government so that thegovernment can carry outits functions. Mr. Juan refuses to pay the taxes. According to him, he does not care whether the government shall continue to exist or not. Is the contention of Mr. Juan justified?

The government called uponitsresidents and citizens to pay taxes to the government so that thegovernment can carry outits functions. Mr. Juan refuses to pay the taxes. According to him, he does not care whether the government shall continue to exist or not. Is the contention of Mr. Juan justified?

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter2: Working With The Tax Law

Section: Chapter Questions

Problem 1BD

See similar textbooks

Related questions

Q: commissioner can force a taxpayer to produce his/its accounting records

A: The commissioner is the supreme authority in Internal Revenue Service. He ensures that the tax laws…

Q: Taxation is an inherent power being an attribute of sovereignty. The following are manifestations of…

A: Taxation is an inherent power being an attribute of sovereignty. The following are manifestations of…

Q: Rica, the president of XYZ Corporation was authorized by the Board of Directors of XYZ Corporation…

A: A loan means a contract in which one party lends money to other for a certain time period that is…

Q: Which is an incorrect statement regarding taxes? * a. Taxes are necessary for the continued…

A: Taxes are the compulsory fees or financial charge imposed by the government on the taxpayers.

Q: Write True of the statement is correct, otherwise, write False and underline the part/s that make…

A: There are 15 statements so I am answering them one by one and for better understanding, I am…

Q: . The Bureau of Internal Revenue filed a case against Prorealty Corporation due to…

A: This is a case of tax delinquency and penalties for companies operating in the Philippines. Tax law…

Q: Which of the following is false? None of the other choices A law that imposes a tax on movie goers…

A: Tax is the amount which an individual or business is liable to pay the government for business…

Q: Public officials are not accountable to citizens for public monies and how they are spent. True…

A: Following is the answer to the given question

Q: The Federal Trade Commission (FTC) brings a deceptive trade practice action against Beneficial…

A: The slogan “Instant tax refund” is highly misleading. When the financial product of Beneficial’s…

Q: S1- Tax is an involuntary fee levied on businesses that is enforced by the legislative body in order…

A: As we know that Tax is levied by the government on individual and businesses. Lawmakers makes the…

Q: The Tax Code was created to punished people who did not pay taxes. True False

A: Tax code is created for individual and who are in businesses .In this tax code lots of sections,…

Q: Which of the following is not a goal of the tax law? a.Economic goals such as reduction in…

A: Solution: Following are the goal of tax law: 1. Economic goals such as reduction in unemployment. 2.…

Q: Congress uses the tax code to influence our behavior. Examples include deductions for mortgage…

A: Following are the other tax deductions or tax credits that encourage particular behaviours: (1) :…

Q: Is it acceptable or unacceptable for government tax enforcers to interact with tax accounting…

A: Taxes are due by everyone in the country, whether they are a person or a business. Tax evasion is a…

Q: The Congress of the Philippines enacted a law exempting the compensation and/or allowance or…

A: Solution: The Congress of the Philippines enacted a law exempting the compensation and/or allowance…

Q: Is the IRS appearing to be socially responsible when it excludes from gross income, living expenses,…

A: Given: The IRS appearing to be socially responsible that gets excluded from the gross income, living…

Q: Taxpayers face the risk of the 20% accuracy-related penalty when they take return positions that are…

A: Accuracy Related Penalty Majority of the cases which are related with the submission to taxpayers…

Q: in the importance of IRS Code Sections 162(a)(1) and 162(a)(2). A taxpayer has a tax issue in…

A: Taxpayer refers to the person or an individual or an entity whose income is eligible to be taxed by…

Q: The salaries of the Chief Justice and associate justice of the Supreme Court are tax-exempt because…

Q: What statement is false? a. A tax on consumption will effectively result in virtually all residents…

A: The question is related to consumption Tax. A consumption tax is a tax on the purchase of a good or…

Q: Which of the following is wrong? Exempt corporations are subject to income tax on their income…

A: Last option i.e. None of the above, is the correct answer.

Q: Which of the following are not deductible by a CPA who prepares tax returns? a. Subscription to the…

A: CPA is the Certified Public Accountant who is also known as the qualified accountant expert in the…

Q: Will you be imprisoned for non-payment of tax? Is it absolute?

A: Income Tax- Income tax is a tax levied on a person's or a company's earnings for the previous year.…

Q: The following are constitutional limitations on the power of taxation, except one: * A. Public…

A: The following are constitutional limitations on the power of taxation: Public purpose Equal…

Q: Governmental units have the right to seize property for nonpayment of taxes, but they are often…

A: Governmental units do have the right to seize property for nonpayment of taxes. Firstly interest and…

Q: The purposes and objectives of taxation are as follows, except a. It is a means of reducing…

A: The objectives of taxation includes: resource allocation income distribution price stability…

Q: Which of the following constitutional rights is mainly violated by a tax law enacted for whereby its…

A: Constitutional rights are rights entrusted by the constitution of a country to its citizens. These…

Q: The Municipality of Buhi enacted an ordinance which imposes occupation tax upon owners of fishponds.…

A: Tax: Tax is a financial charge imposed by the county's government on the income of the person, and…

Q: These are involuntary fees levied on individuals or corporations and imposed by the government…

A: Excise taxes are taxes levied on specified goods. These are indirect taxes that the consumer may not…

Q: 12. Nicanor failed to file his delinquent tax on time. The government collecting agency has…

A: Power of Taxation -:Modern constitutions of nations understand this ability by bringing about…

Q: Congress chose to exempt certain income from taxation, such as scholarships, gifts, life insurance…

Q: The government should tax itself? Yes or no

A: A tax is a sum of money that is must be paid to the government in order for it to provide public…

Q: if the government should pursue the policies that have led to allowing the exclusion of certain…

A: According to the Income-tax laws, Assessee is required to pay tax on income earned by them from all…

Q: With the intention of limiting contact by taxpayers when dealing with the BIR and at the same time…

A: Taxable income is the amount of income computed to measure the amount of taxes to be paid to the…

Q: A local politician claimed, “to reduce the government’sdeficit, it’s time we require companies to…

Q: Is it appropriate or inappropriate for government tax enforcement officials to socialize with tax…

A: Every individual and company is liable to pay tax to the government. But the individual and company…

Q: Which of the following is not considered a purpose of taxation? A. To regulate B. To make the…

A: Tax means the mandatory payment made by tax payer to the government without expecting anything…

Q: The official document issued by the CIR or his authorized representative authorizing the examination…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: A taxpayer gives the following reasons in refusing to pay a tax. Which of these reasons is not…

A: An Individual who is eligible to pay taxes on his) her income towards the government, as being the…

Q: What are some of the issues the tax preparer should discuss with this client?

Q: For which of the following can a CPA be considered in violation of the Code of Professional Ethics?…

A: CPA professionals are expected to comply with the ethical standards as laid down by the CPA…

Q: Taxation is NOT: a. A contribution for the support of a government required of persons, groups,…

A: Taxable income is the measurement of income which is used to calculate the amount of tax that needs…

Q: A friend says to you, “I don’t understand how taxable temporary differences can be ‘liabilities’ and…

A: Valuation Allowance - It is reserved that will used for offset the amount of deferred tax assets…

Q: The salaries of the Chief Justice and associate justice of the Supreme Court are tax-exempt because…

A: The Supreme Court is considered the highest court in the judiciary system in the USA, India, and…

Q: Which of the following is wrong? A. If the seller is a non-VAT registered seller, the government…

A: Seller A person who provides goods, products, or services to their customers is known as a seller.…

Q: What is the issue with trying to abolish all property tax? Is property tax mandated by the…

A: The main source of revenue to the government is by the levy of tax on various goods, services,…

Question

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

:Mr. Rico refuses to pay the taxes because according to him, while some people are receiving full protection, he has not been receiving any protection to his life, liberty, and property from the government. Is the contention of Mr. Rico tenable?
Which is an incorrect statement regarding taxes? * a. Taxes are necessary for the continued existence of the government. b. The obligation to pay tax does not rest upon the privilege enjoyed by or the protection afforded to the citizen of the government but upon the necessity of money for the support of the state. c. There should be personal benefit enjoyed from the government before one is required to pay tax. d. Taxes should be collected without unnecessary delay but its collection should not be tainted with arbitrariness. e. Answer not given
The salaries of the Chief Justice and associate justice of the Supreme Court are tax-exempt because they are employees of the government. TRUE OR FALSE?
Dawn is known to always oppose the government. Being a law student, she knows that the basis of taxation roots from citizens paying taxes as compensation to benefits received from the government. She claims that she has not enjoyed any benefits thus she refuses to file and pay taxes on income earned from her business. Decide. Explain concisely in 3-5 sentences.
The purposes and objectives of taxation are as follows, except a. It is a means of reducing social inequality by preventing the undue concentration of wealth in the hands of a few individuals. b. To raise revenue to promote the general welfare of its citizens. c.It is used as an implement of the police power to promote the general welfare of the people. d.It is used with a regulatory purpose to provide means for the rehabilitation and stabilization of a threatened industry which is affected with public interest. e.None of the above.
A local politician claimed, “to reduce the government’sdeficit, it’s time we require companies to start payingtheir deferred income tax liabilities.” Explain to thepolitician what deferred income taxes represent and whythey should not be viewed as accounts payable to thegovernment.
Jackie, during one of your talks, shared that she is so frustrated with taxpayers who are trying to get away with their taxes reasoning that the government is in need of funds to finance its pandemic response. You then explained, given that you are about to finish your Income Taxation course, that it is not always the case that the government collection is affected by tax escapes employed by taxpayers. Which of the following should you not include as an example to explain your case? A. tax dodging B. tax transformation C. tax shifting D. tax capitalization
He is the accountant for the business, so should I include that in my explanation? That particularly violates the standards with General Accounting Principles(GAAP) and it could violate Tax codes.
Catriona Grace, a taxpayer, gives the following reasons for refusing to pay a tax. Which of her reasons is not acceptable for legally refusing to pay the tax? a.) That she has been deprived of due process of law. b.) The she will derive no benefit from the tax. c.) That there is lack of territorial jurisdiction. d.) That the prescriptive period for the tax has lapsed.
Please answer asap,i will rate u thanks! Settled is the rule that in tax matters, the government is not estopped by the errors or mistakes committed by its agents or officers. This should be construed to mean that: a) The state may still collect prescribed taxes. b) BIR can still present evidence to prove as¬sessment. c) The power to tax is plenary and compre¬hensive. d) The power to tax is supreme and unlimited.
Tax laws, being imposition of burden, shall be strictly construed against: * A person who refuses to pay the tax The taxpayer The government Either the taxpayer or the government, depending on the evidence presented
The Tax Code was created to punished people who did not pay taxes. True False