Q.1.
Below are the deductions allowed to a tax payer EXCEPT:
Q.2.
Income that has not been worked for such as interest, dividends, or gambling winnings
Q.3.
Kim chargeable income is RM36,Calculate his tax amount.
Q.4.
Social security is the tax that pays for medical insurance for older adults.
Q.5.
Tax deductions are calculated as a percentage of net pay.
Q.6.
A non resident Indian is not liable to pay tax on his income received in India.
Q.7.
Maximum deduction for EPF and LIP contributions is limited to __________.
Q.8.
IT ACT came in to the force since first April
Q.9.
LPG subsidy received by an Individual in included in his income
Q.10.
There is no relation of the residential status of individual to his citizenship.
Q.11.
How do you calculate rate of tax?
Q.12.
Parliament has the power to levy tax on incomes other than
Q.13.
Vickie makes $40,annually. If she paysin income tax, what is the amount of income tax she will pay?
Q.14.
Peter is a college professor. His annual salary is $112, If he has to payincome tax what is the amount of tax he will pay?
Q.15.
Noah is a lawyer. Last year he made $92, If he has to payin income tax what is the amount of income tax he has to pay?
Q.16.
Single, Married Filing Joint, and Head of the Household are all examples of___ on a tax return.
Q.17.
Which form is used to report an employees earnings and taxes paid in a year?
Q.18.
What government department collects personal income tax?
Q.19.
What are the four most common taxes that come out of a person’s payroll check?
Q.20.
Federal law requires employers to pay a minimum wage.