Tax Quizzes, Questions & Answers

Recent Quizzes

Chapter 10 Tax Corp - Important 1

Chapter 10 Tax Corp - important 1

Questions: 112 | Attempts: 345 | Last updated: Mar 21, 2023

Sample Question
A partnership is an association by two or more taxpayers (which may be any type of entity) to carry on a trade or business. True/False

True

False

Tax Corp Chapter 3

Questions: 98 | Attempts: 320 | Last updated: Mar 22, 2023

Sample Question
Creek Corporation had $210,000 of active income, $45,000 of portfolio income, and a $230,000 passive activity loss during the year. If Creek is a closely held C corporation that is not a personal service corporation (PSC), it can deduct $230,000 of the passive activity loss in the year.

True

False

Stage 1 (Individual) Deloitte Tax Challenge 2019

Questions: 123 | Attempts: 3721 | Last updated: Mar 20, 2023

Sample Question
Which of the following term is defined in the Income Tax Act, 1967?

Plant

Machinery

Building

All of the above

Pre-challenge - Deloitte Tax Challenge 2019

Pre-Challenge - Deloitte Tax Challenge 2019

Questions: 20 | Attempts: 1778 | Last updated: Mar 22, 2023

Sample Question
Which of the following statements in relation to the features of the Malaysian tax system is true?

An individual carrying on a business must submit a tax estimate at least 30 days prior to the commencement of the basis period for the respective year of assessment

A non-resident employee, with the same employer for 12 months, may elect not to submit a tax return provided their remuneration was subject to a monthly tax deduction and they did not have any income other than from employment

An individual carrying on a business, with an instalment scheme issued by the Inland Revenue Board, will be allowed to revise a tax estimate for a year of assessment only in the sixth and ninth month of the basis year

Citizens of a foreign country who derive employment income from Malaysia are not required to declare their Malaysian source income

Audit, Tax, Or Advisory? Find Your Path!

Audit, Tax, or Advisory? Find Your Path!

Time to find out which practice is suitable for you!

Questions: 7 | Attempts: 1853 | Last updated: Mar 15, 2022

Sample Question
Which of the following statements speak your mind?

I will find the truth, tell the truth, even if it that truth will hurt me.

Laws and regulations: without them, we're nothing but animals.

Through challenge and difficulty, we learn to see life differently than before.

Taxation And Purchasing Power Quiz

TAXATION AND PURCHASING POWER QUIZ

Questions: 30 | Attempts: 108 | Last updated: Mar 18, 2023

Sample Question
Purchasing power is measured by

Income

Inlation

Comparing income to cost of living

Comparing inflation to income

General Principles Of Taxation Trivia Quiz

Here is an amazing test, general principles of taxation trivia quiz. This quiz has been designed carefully and will guide you through the gamut of the entire basics of taxation and how you should go about it. If you are already...

Questions: 30 | Attempts: 9346 | Last updated: Mar 22, 2023

Sample Question
Which of the following is/are the nature of the power of taxation? It is an inherent attribute of sovereignty. It is legislative in character. It is regarded as comprehensive, unlimited, plenary and supreme.

A. I only.

B. I and II only.

C. II and III only.

D. I and III only.

Vita Tax Prep - Dependency Exemption

VITA Tax Prep - Dependency Exemption

Questions: 10 | Attempts: 331 | Last updated: Mar 19, 2023

Sample Question
John is a 23-year-old single college student. His mother is entitled to claim him as a dependent on her tax return. Is John entitled to claim himself as a personal exemption on his own return?

Yes

No

Option 3

Option 4

The Ultimate Taxation MCQ

Taxation is the way to redistribute income and increase the government's revenue. Play this informative quiz on taxation that contains MCQ-based questions to gauge your knowledge and understanding of the topic. The quiz...

Questions: 10 | Attempts: 4043 | Last updated: Aug 23, 2023

Sample Question
The objective of taxation by the Government are -

Raising revenue for the state

To maintain economic stability

To remove disparities in the distribution of income

All of the above

No Taxation Without Representation

Do your best andÂ Answer all the questions.

Questions: 10 | Attempts: 283 | Last updated: Mar 22, 2023

Sample Question
What was the British taught?

Woman protested by supporting a different boycott of British goods

How to be brutal

That the colonist would resist internal taxes

To dress Mr. Youngel

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