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Taxation Quiz 8 (20 MCQs)

Quiz Instructions

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1. Parliament passed the Stamp Act because they believed that the colonies should help support troops.
2. What is the timing of voucher provision when the supply may be traced back to the voucher?
3. ..... taxes are levied on the production or sale of goods and services.
4. Saedah did not pay quit rent of her house. What is the consequence of her action?
5. Rate of this tax decreases as the tax base or bracket increases.
6. This is how governments pay for services.
7. The selling price of a unit of product P is RM 52.80. If the sales tax imposed is 10%, calculate the original price of a unit of product P.
8. How much of a tax was placed on sugar?
9. The income tax act came into force from.
10. Which are the sources of income?
11. What word most closely means "qualified to receive survivor benefits?"
12. Base tax for Hisham's chargeable income in 2020 was RM 150 and tax on the next balance is RM 375.60. It is given that zakat of RM 220 was paid in the same year. Calculate income tax payable by Hisham.
13. Taxation Power can be delegated
14. A government wants to redistribute income from the rich to the poor. Which changes in taxation would help it to achieve this objective?
15. The income tax Act was passed in:
16. Which of the following is not the type of tax?
17. Do we have a taxation system in South Africa?
18. The term' income' includes the following types of incomes-
19. There is no relation of the residential status of individual to his citizenship.
20. Toll is a demand of proprietorship.Tax is a demand of proprietorship.
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