1st statement Reciprocity means the recognition or respect accorded by one jurisdiction within...

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Accounting

1st statement Reciprocity means the recognition or respect accorded by one jurisdiction
within its territory over the law of another because they are sovereign equals.
2nd statement - International comity means the recognition or respect accorded by one
jurisdiction within its territory over the law of another because they are sovereign equals.
3rd statement Territoriality means the recognition or respect accorded by one jurisdiction
within its territory over the law of another because they are sovereign equals.
4th statement Treaty or Covenant means the recognition or respect accorded by one
jurisdiction within its territory over the law of another because they are sovereign equals.
a. 1st statement is true
b. 2nd statement is true
c. 3rd statement is true
d. 4th statement is true
12. As to subject matter, it is a tax of a fixed amount imposed on individuals, whether citizens or
not, residing within a specified territory without regard to their property or the occupation in
which they may be engaged.
a. Personal, poll or capitation tax
b. Property tax
c. Excise tax
d. Ad valorem tax
13. As to subject matter, it is imposed in property, whether personal or real, in proportion either to
its value or in accordance with some other reasonable method of apportionment.
a. Personal, poll or capitation tax
b. Property tax
c. Excise tax
d. Ad valorem tax
14. As to subject matter, it is a tax imposed upon the performance of an act, the enjoyment if a
privilege or the engaging in an occupation.
a. Personal, poll or capitation tax
b. Property tax
c. Excise or privilege tax
d. Ad valorem tax
15. The following are examples of direct tax, except:
a. Community tax
b. Income tax
c. Estate tax
d. Value added tax

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