This quiz works best with JavaScript enabled. Home > Taxation > Tax Planning > Tax Planning – Quiz 8 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Tax Planning Quiz 8 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. At the end of the year, all objects of PPh Article 21 which are spread across cost accounts according to the general ledger are collected into one and compared with the calculation of PPh 21 for the December period. If there is a difference, what should be done if it is caused by income other than permanent employees? A) Carefully examine employee data. B) Check the employee's name. C) Examine the income groups for which tax has not been deducted. D) Examine the income groups for which tax has not been deducted. Show Answer Correct Answer: C) Examine the income groups for which tax has not been deducted. 2. An assessee shall be assessed as HUF if the following conditions are satisfied: A) Joint Family Property. B) Coparcener. C) Both a & b. D) None of the above. Show Answer Correct Answer: C) Both a & b. 3. Which is not a benefit with PPh 21 Gross Up / Income Tax Allowance for Employees? A) Total employee salaries received in full after deduction of PPh 21. B) Employees still have to bear PPh 21 on the salary they receive each month. C) Employers are allowed to charge PPh 21 benefits as a gross deduction. D) Employer's corporate income tax burden is lower after implementing PPh 21 allowance. Show Answer Correct Answer: B) Employees still have to bear PPh 21 on the salary they receive each month. 4. Excluded from the VAT Mechanism (General and Special) is? A) Submission of BKP/JKP whose VAT/PPnBM does not receive facilities. B) Input Tax Credit (PK-PM). C) Submission of BKP/JKP to other VAT Collectors. D) Submission of BKP/JKP to VAT Collectors for Government Agencies. Show Answer Correct Answer: A) Submission of BKP/JKP whose VAT/PPnBM does not receive facilities. 5. Providing income for services provided by individuals is one of the equalizations of A) Income Tax Article 23. B) Income Tax Article 21. C) Income Tax Article 4(2). D) PPN. Show Answer Correct Answer: B) Income Tax Article 21. 6. The rates and basis for taxation on interest tax objects (PPh article 23) are A) 15 % and Gross Income. B) 15% and Net Income. C) 2% and Gross Income does not include VAT. D) 7.5% and Gross Income. Show Answer Correct Answer: A) 15 % and Gross Income. 7. An unregistered Online Shop is an example of tax evasion A) True. B) False. Show Answer Correct Answer: A) True. 8. ..... is the first step towards tax planning. A) Tax evasion. B) Tax avoidance. C) Both of the above. D) None of the above. Show Answer Correct Answer: D) None of the above. 9. What are the two levels of tax jurisdiction in Malaysia? A) Federal and local. B) State and municipal. C) Federal and state. D) Regional and national. Show Answer Correct Answer: C) Federal and state. 10. The name of the hero on the 10 thousand print money A) Auto iskandar in nata. B) French kasiepo. C) Idham Chalid. D) Djuanda Kartawidjaja. Show Answer Correct Answer: B) French kasiepo. 11. In the form of organisation exemption of dividend is allowed u/s A) 10(33). B) 10(34). C) 10(35). D) 10(36). Show Answer Correct Answer: B) 10(34). 12. Emma sells 250 shares in D Ltd to Joan for £ 3 per share on 12 December 2023. Calculate the stamp duty due and who pays it. A) £ 3 payable by Joan. B) £ 4 payable by Joan. C) £ 4 payable by Emma. D) £ nil. Show Answer Correct Answer: D) £ nil. 13. Tax-planning activities take advantages of which of the following? A) Tax loopholes. B) Tax evasion. C) Tax deferral. D) Tax loophole and tax deferral. Show Answer Correct Answer: D) Tax loophole and tax deferral. 14. ....is a business that is owned, either partially or completely, by another company. A) Holding company. B) Subsidiary company. Show Answer Correct Answer: B) Subsidiary company. 15. How do taxes influence investment returns? A) They increase returns. B) They have no impact. C) They reduce returns. D) They double returns. Show Answer Correct Answer: B) They have no impact. 16. Form of organisation are A) Partnership Firm or Limited liability Partnership. B) Sole proprietor. C) Company form an organization. D) All the above. Show Answer Correct Answer: D) All the above. 17. ..... is the analysis of a financial situation A) Tax planning. B) Tax management. C) Both a & b. D) None of the above. Show Answer Correct Answer: A) Tax planning. 18. Bambang Eko is an employee at the PT Candra Kirana company, married without children, earning a month's salary of IDR 8, 000, 000.00. PT Candra Kirana participates in the BPJS Employment program, Work Accident Insurance premiums and Death Insurance premiums are paid by the employer at 0.50% and 0.30% of salary respectively. PT Candra Kirana covers monthly Old Age Security contributions of 3.70% of salary while Bambang Eko pays Old Age Security contributions of 2.00% of monthly salary. Apart from that, PT Candra Kirana also participates in a pension program for its employees. PT Candra Kirana pays pension contributions for Bambang Eko to a pension fund, the establishment of which has been approved by the Minister of Finance, every month in the amount of Rp. 200, 000.00, while Bambang Eko pays pension contributions of Rp. 100, 000.00. In July 2016 Bambang Eko only received payment in the form of salary. So the amount of JHT contribution costs that can be deducted is? A) 2% Salary borne by Officers. B) 2% of salary covered by the company. C) 200rb borne by the employer. D) 100rb borne by the Officer. Show Answer Correct Answer: A) 2% Salary borne by Officers. 19. Checking procedures carried out on the number of vehicle rentals on the Corporate Income Tax SPT, including equalization of: A) Equalization of Corporate SPT with SPT PPh Article 23. B) Equalization of Corporate SPT with Income Tax SPT Article 4 (2). C) Equalization of Corporate SPT with SPT PPh Article 22. D) Equalization of Corporate SPT with SPT PPh Article 26. Show Answer Correct Answer: A) Equalization of Corporate SPT with SPT PPh Article 23. 20. 5-What percentage of amalgamation expense is allowed as a deduction in successive year. A) 10%. B) 20%. C) 30%. D) 40%. Show Answer Correct Answer: B) 20%. ← PreviousNext →Related QuizzesTaxation QuizzesTax Planning Quiz 1Tax Planning Quiz 2Tax Planning Quiz 3Tax Planning Quiz 4Tax Planning Quiz 5Tax Planning Quiz 6Tax Planning Quiz 7Tax Planning Quiz 9Tax Planning Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books