This quiz works best with JavaScript enabled. Home > Taxation > Tax Planning > Tax Planning – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Tax Planning Quiz 6 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Showing lesser income than the actual income is the case of A) Tax planning. B) Tax avoidance. C) Tax evasion. D) All of the above. Show Answer Correct Answer: C) Tax evasion. 2. Tax avoidance is: A) Legal and expected of taxpayers. B) Illegal and will be prosecuted. C) Structuring transactions so that taxes are minimized. D) Both legal and expected of taxpayers and structuring transactions so that taxes are minimized. Show Answer Correct Answer: D) Both legal and expected of taxpayers and structuring transactions so that taxes are minimized. 3. An audit technique that aims to trace differences between commercial financial reports and fiscal reports is usually called A) Reconciliation/Equalization. B) Fiscal Profit and Loss. C) Positive Correction. D) Income Tax payable. Show Answer Correct Answer: A) Reconciliation/Equalization. 4. Full name of Kasi Dapot before Pak Cahyo A) Adriantinopietsinaga. B) AdrianiNovitaSinaga. C) AdrianNapitupoulou. D) AdrianiNopitaSinaga. Show Answer Correct Answer: D) AdrianiNopitaSinaga. 5. 7-How much percentage of income from the manufacture of tea is considered as business income. A) 10%. B) 20%. C) 30%. D) 40%. Show Answer Correct Answer: D) 40%. 6. Who is Super Senior Citizen as per Income Tax Act? A) Age above 80. B) Age above 60. C) Age below 80. D) None of the above. Show Answer Correct Answer: A) Age above 80. 7. Efficiency strategies for companies that have gross revenues of more than IDR 50 billion are, except..... A) There are no gifts in the form of basic necessities to employees. B) Increase distribution in kind. C) There are no health check facilities. D) There is no distribution of food in the form of boxes. Show Answer Correct Answer: B) Increase distribution in kind. 8. Mary gifts 2, 000 ordinary £ 1 shares in XYZ Ltd to her granddaughter Emily on 31 May 2023. The market value of the shares on 31 May 2023 was £ 5.25 per share. What is the stamp duty due? A) £ Nil. B) £ 50.00. C) £ 52.50. D) £ 55.00. Show Answer Correct Answer: A) £ Nil. 9. What determines residence status for tax purposes in Malaysia? A) The number of relatives. B) The duration of stay. C) The age of individual. D) The type of employment. Show Answer Correct Answer: A) The number of relatives. 10. ..... refers to compliance with the income tax rules and regulations A) Tax management. B) Tax planning. C) Both of them. D) None of the above. Show Answer Correct Answer: A) Tax management. 11. ..... is a method reducing tax incidence by availing of certainloopholes in the law A) Tax planning. B) Tax evasion. C) Tax avoidance. D) Tax management. Show Answer Correct Answer: C) Tax avoidance. 12. Equalization of PPh 21 is carried out between Objects of PPh Article 21 and..... A) Salary costs and income tax benefits. B) Consultant fees and premium fees. C) Management and Transportation Costs. D) Purchase Fees and Other Fees. Show Answer Correct Answer: A) Salary costs and income tax benefits. 13. What determines residence status for taxes purposes in Malaysia A) The number of relatives. B) The age of the individual. C) The duration of stay. D) The type of employment. Show Answer Correct Answer: C) The duration of stay. 14. What can you deduct from your taxable income for tax purposes? A) Dividend from foreign companies. B) Dividend from Malaysian companies. C) Interest from foreign banks. D) Interest from Malaysian government securities. Show Answer Correct Answer: D) Interest from Malaysian government securities. 15. Merry is one of the street vendors in DP3, she has a rather fat female friend who often comes over, what is her name? A) Klaudya. B) Theresa. C) Elizabeth. D) Daughter. Show Answer Correct Answer: B) Theresa. 16. For parties who are deducted, the right to credit is not automatic, therefore to be able to credit the company must fulfill the following conditions, except A) Must be supported by asii cutting evidence. B) The crediting year must match the year stated on the deduction receipt. C) The cutting party must sign. D) The type of tax listed on the withholding slip and SSP must be correct. Show Answer Correct Answer: C) The cutting party must sign. 17. What is the minimum age to file income tax? A) 18. B) 21. C) 15. D) None. Show Answer Correct Answer: D) None. 18. The basis for the imposition and deduction of Income Tax Article 21 is..... A) Total income exceeding IDR 900, 000 a day, which applies to Non-Permanent Employees or Casual Workers who receive daily wages, weekly wages, piece wages or piece wages, as long as the cumulative income received in 1 (one) calendar month does not exceed IDR 4, 500, 000 .00. B) Non-Permanent Employees whose income is paid monthly or the cumulative amount of income received in 1 (one) calendar month exceeds IDR 4, 500, 000.00 (four million five hundred thousand rupiah). C) 75% of total gross income, which applies to non-employees as intended in Article 3 letter c who receive non-continuous compensation. D) Non-Permanent Employees whose income is paid monthly or the cumulative amount of income received in 1 (one) calendar month exceeds IDR 7, 500, 000.00. Show Answer Correct Answer: B) Non-Permanent Employees whose income is paid monthly or the cumulative amount of income received in 1 (one) calendar month exceeds IDR 4, 500, 000.00 (four million five hundred thousand rupiah). 19. There are 2 bases for the imposition of Potput Income Tax, namely A) Final & Not Final. B) Gross based and net estimated value. C) When paid & When Due. D) Tax Subjects & Objects of Potput Income Tax. Show Answer Correct Answer: B) Gross based and net estimated value. 20. Traditional IRAs may allow you to achieve which of the following?I. Tax-free distributionsII. Tax-deferred growthIII. Reduced current taxable income A) I and II. B) I, II, and III. C) I only. D) II and III only. Show Answer Correct Answer: A) I and II. ← PreviousNext →Related QuizzesTaxation QuizzesTax Planning Quiz 1Tax Planning Quiz 2Tax Planning Quiz 3Tax Planning Quiz 4Tax Planning Quiz 5Tax Planning Quiz 7Tax Planning Quiz 8Tax Planning Quiz 9Tax Planning Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books