Question 7: What is the common term used for the tax imposed on the use of public market spaces by vendors? A. Market fee B. Market tax C. Space rental fee D. Stall fee Answer: D. Stall fee Question 8: What is the maximum percentage of the basic real property tax that a local government unit can levy as a Special Education Fund (SEF) in the Philippines? A. 1% B. 2% C. 5% D. 10% Answer: A. 1% Question 9: Which local government unit has the authority to levy professional taxes in the Philippines? A. Barangay B. Municipal/City C. Provincial D. Regional Answer: B. Municipal/City Question 10: What is the local tax imposed on the practice of certain professions in the Philippines called? A. Business tax B. Professional tax C. License fee D. Industry tax Answer: B. Professional tax Question 11: Local government units in the Philippines can impose an amusement tax on which of the following? A. Movie theaters B. Concerts and shows C. Sports events D. All of the above Answer: D. All of the above Question 12: What type of tax is imposed by local government units in the Philippines on billboards and advertisements? A. Business tax B. Advertising tax C. Signage tax D. License fee Answer: B. Advertising tax Question 13: In the Philippines, what is the term for the tax imposed on owners of motor vehicles for using public roads? A. Road tax B. Vehicle registration fee C. Regulatory tax D. Toll tax Answer: B. Vehicle registration fee Question 14: Local government units in the Philippines are authorized to levy an occupation tax on which of the following? A. Employees in certain industries B. Professionals in certain occupations C. Entrepreneurs in certain businesses D. All of the above Answer: D. All of the above Question 15: What is the penalty for non-payment of real property tax in the Philippines? A. Fines and surcharges B. Seizure of the property C. Foreclosure of the property D. All of the above Answer: D. All of the above Question 16: What is the purpose of the business permit issued by local government units in the Philippines? A. To authorize business operations B. To collect local business taxes C. To ensure regulatory compliance D. All of the above Answer: D. All of the above Question 17: What type of tax is levied by local government units in the Philippines on the sale of alcoholic beverages? A. Excise tax B. Liquor tax C. Sin tax D. Business tax Answer: B. Liquor tax Question 18: Which local government unit in the Philippines has the authority to impose quarrying taxes? A. Barangay B. Municipal/City C. Provincial D. Regional Answer: C. Provincial Question 19: Local government units in the Philippines can impose a tax on franchises. What is this tax commonly referred to as? A. Franchise tax B. Royalty tax C. Licensing tax D. Business tax Answer: A. Franchise tax Question 20: What type of tax is imposed by local government units in the Philippines on the delivery of goods or merchandise from one place to another? A. Toll tax B. Freight tax C. Transport tax D. Common carrier's tax Answer: A. Toll tax