Scribd
Upload
104 views5 pages

Chapter 3 - Introduction To Income Taxation

The document contains various exercises and practice questions related to introduction to income taxation. It includes multiple choice questions to test understanding of income tax theory and problems. It also includes numerical exercises to practice calculations for income, exemptions, and taxable amounts. Case problems provide scenarios to identify tax implications.

Uploaded by

jell
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
104 views5 pages

Chapter 3 - Introduction To Income Taxation

The document contains various exercises and practice questions related to introduction to income taxation. It includes multiple choice questions to test understanding of income tax theory and problems. It also includes numerical exercises to practice calculations for income, exemptions, and taxable amounts. Case problems provide scenarios to identify tax implications.

Uploaded by

jell
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 5

CHAPTER 3 – INTRODUCTION TO INCOME TAXATION

EXERCISE DRILL 1

1. 1,000,000 – 0
2. 400,000 – 100,000
3. 300,000 – 0
4. 0 – 600,000
5. 1,200,000 – 0

EXERCISE DRILL 2

1. INCOME TAX
2. INCOME TAX
3. INCOME TAX
4. TRANSFER TAX
5. TRANSFER TAX
6. INCOME AND TRANSFER TAX

EXERCISE DRILL 3

1. TAXABLE
2. TAXABLE
3. EXEMPT
4. EXEMPT
5. TAXABLE
6. TAXABLE
7. TAXABLE
8. EXEMPT
9. EXEMPT
10. TAXABLE
11. TAXABLE
12. EXEMPT
13. EXEMPT
14. EXEMPT
15. EXEMPT
16. TAXABLE
17. TAXABLE
18. EXEMPT
19. EXEMPT
20. EXEMPT
21. EXEMPT
22. EXEMPT
EXERCISE DRILL 4

1. NRA- NETB
2. NRC
3. NRC
4. RC
5. RC
6. NRA- NETB
7. RA
8. RA
9. DC
10. RFC
11. RC
12. NT
13. DC
14. NRFC
15. NRC
16. NT
17. DC
18. DC

EXERCISE DRILL 5

1. PI
2. PI
3. PI
4. PI
5. WI
6. PI
7. PI
8. WI
9. WI
10. PI

EXERCISE DRILL 6

1. 60K – 40K
2. 600K – 400K
3. 40K – 100K
4. 120K – 0
5. 0 – 500K
6. 40K – 0
7. 2M – 0
8. 50K – 0
9. 20K – 30K
10. 24K – 16K
11. 100K – 0
12. 150K – 100K
13. 0 – 100K
14. 0 – 20K
15. 400K – 0

MC- THEORY: PART 1

1. C
2. D
3. A
4. A
5. A
6. D
7. B
8. B
9. B
10. B
11. B
12. A
13. C
14. D
15. D
16. D

MC- THEORY: PART 2

1. A
2. B
3. B
4. C
5. D
6. B
7. C
8. A
9. A
10. A
11. C
12. B
13. C
14. D
15. C
16. A
17. D
18. C

MC- THEORY: PART 3


1. A
2. A
3. A
4. D
5. D
6. C
7. D

MC- PROBLEMS

1. B
2. C
3. C
4. A
5. C
6. C
7. A
8. C
9. C
10. D
11. C
12. D
13. D
14. C
15. A
16. D
17. C
18. D
19. D
20. A
21. B
22. C
23. D,C,B,D

CASE PROBLEMS 1

1. 1,040,000
2. 760,000

CASE PROBLEM 2

1. 750,000
2. 340,000

CASE PROBLEM 3

1. A

You might also like