Taxes and Taxation.d

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What is CGST?
The government has recently launched GST regime, effective from July 1, 2017. What is GST?
In India, the GST Council has come out with a four-rate structure. They are?
France has implemented GST in which year?
In GST only three type of taxes will be charged in whole country. What are they?
India has chosen ____________ model of dual-GST?
The main objective of GST is to ______________ excessive taxation.
Which of the following good will be covered under the GST bill?
Who is the head of the GST council?
What is SGST?
The concept of Goods and Services Tax (GST) is originated in………..
Which constitutional amendment is done to pass the GST bill?
What kind of Tax is GST?
Which Article of the Constitution as amended by 101st Constitutional Amendment Act, 2016 defines the Goods and Services tax (GST) as a tax on supply of goods or services or both?
What is IGST?
The number of structures in India’s GST model is?
The maximum rate for CGST is?
The maximum rate applicable for SGST/UTGST is?
GST rates applicable on goods and services are:
Taxes that are levied on any Intra-State purchase are?
What does “I” in IGST stands stand for?
What does the acronym V. A. T. stand for?
In Mathematics, V.A.T. is calculated as …
What is the V.A.T. on an item that costs $100 if V.A.T. is calculated at 15%?
How much money would I have to pay for an item with original price of $50, after 15% VAT is added?
Calculate the amount of VAT at 15% which is charged on an item with an original price of $10.00
When VAT of 15% is charged on a table, the customer paid $575. What was the cost of the table before VAT was charged?
The most common VAT computation method is
Which country does not have a reduced rate?
Which territory is included in EU VAT area?
How is the integrated system for VAT return in EU called?
True statement about reverse charge
Which of the following «tax» is levied at every stage of production?
Which of the following is a form of indirect tax?
Which of the following taxes are abolished by the Goods and Services Tax in India.
If ‘Tata’ imports a product from abroad, then which kind of tax would be levied on it?
Which of the following tax is imposed by the Central Government but the state government in India collects it?
What is meant by Tax haven?
What kind of tax system is found in India?
Under this system of taxation, the tax rate diminishes as the taxable amount increases. Which system are we talking about?
Which model of GST has been chosen by India?
Which of the following is not imposed by the Central Government in India?
A corporate tax is not called as
The form of tax which have to pay by the buyer on manufactured items at the time of purchase is known as
A tax imposed upon a person or property as distinct from a tax imposed upon a transaction is called
The annual income of a person is $530,000 and the exempted amount is $280,000. The income tax payable at the rate of 0.75% would be
The tax which is charged on property, income and profits in the form of income tax, property tax etc is known as
A tax that takes a larger percentage from high-income earners than it does from low-income earners is called
Which from the following is NOT an indirect type of tax?
Income tax is levied generally on the
Which is NOT an example of a commonly used proportional tax?
A proportional tax would take a percentage of income from all groups except which?
Two taxpayers married on November 30. That same year, the husband enrolled in an accredited college to further his career and subsequently received a Form 1098-T, Tuition Statement. The wife was employed with an income of $45,000 and paid for the husband’s education expenses. The taxpayers did not receive any other income for the year. Based on their circumstances, what is the correct method to report the education credit?
The taxpayer has a child under the age of 24 who is a full-time student in their second year of college. The student will be claimed as a dependent on the taxpayer’s return. The student’s educational expenses included $8,000 for tuition and $4,000 for room and board. The student received a $5,000 scholarship for tuition use only, as well as an additional $2,500 scholarship to pay any of the student’s college expenses. The taxpayer paid the remaining $4,500. Which of the following statements is correct, based on the information above?
Which of the following statements is correct regarding Form 1095A, Health Insurance Marketplace Statement?
Which of the following statements is correct regarding Form 8995 Qualified Business Income (QBI) Deduction Simplified Computation?
Which of the following is true regarding the premium tax credit (PTC)?
Which of the following situations is reported on Form 1099 MISC:
What is the total amount a sole proprietor is obligated to report on Forms 1099-NEC based on the following expenses claimed on schedule C? Attorneys’ fees to incorporated law firm: $600 Sign painter: $800 ($600 labor and $200 materials) Incorporated janitorial company: $800 Consultant A: $1,000 ($400 paid in cash and $600 paid by check) Consultant B: $500 paid in cash Consultant C: $400 paid by check
The standard deduction is increased for individuals who are age 65 and older and/or:
A 62-year-old, married taxpayer files Married Filing Separately, and lives apart from the spouse for the entire taxable year. What is the taxpayer’s base amount for computing taxable social security benefits for the taxable year?
Which of the following is considered when calculating if any social security benefits are taxable:
If you have a dependent that you cannot claim for the child tax credit, the dependent may still qualify you for which $500 credit?
A child may be subject to kiddie tax in the current year if:
Which of the following is correct regarding a personal casualty loss?
The Net Investment Income Tax may apply to which of the following?
A single taxpayer filed their 2008 return and claimed $7,500 for the first-time homebuyer credit. The home was used as a primary residence until it was foreclosed on in the current tax year. Which is correct regarding the first-time homebuyer credit?
For a medical expense to be deductible as an itemized deduction in the current year, the expense must exceed what percentage of adjusted gross income?
Tax preparation fees for individuals are generally deductible for the current year as:
Which of the following is true regarding the Report of Foreign Bank and Financial Accounts (FBAR) requirements:
The interest on qualified U.S. savings bonds may not be taxable if you pay:
Which of the below is a correct statement regarding Form 8938, Statement of Specified Foreign Financial Assets?
An indirect tax is charged on __________:
Who is the administrator of the UK tax system?
__________ is an indirect tax:
Which is not a source of UK tax law?
The tax year for individuals runs from _________________:
An individual self-assessment tax return which is filed on paper must normally be filed by _______________________:
What is The “filing date” for the tax year 2017-18?
A taxpayer who is in business or who lets property must normally keep records for how many years?
An appeal against an HMRC decision must be made in writing within ___________:
The first payment on account for the tax year 2017-18 falls due on: