Friday Quiz - 24/4/2020
5 Questions
| Attempts: 103
-
Bodhrán, Conga and Snare are all types of which musical instrument?
-
Clarinet
-
Drum
-
Flute
-
Trumpet
-
About This Quiz
.
Quiz Preview
- 2.
What type of vehicle does Robert De Niro drive in the title of a 1976 Martin Scorsese film?
-
Bus
-
Car
-
Moped
-
Taxi
Correct Answer
A. Taxi -
- 3.
Which well-known UK business man is most closely associated with Newcastle United, Sports Direct and House of Fraser?
-
Richard Branson
-
Alan Sugar
-
Mike Ashley
-
Philip Green
Correct Answer
A. Mike Ashley -
- 4.
None of Anchor's subsidiaries paid corporation tax last year. Why?
-
They were able to gift aid their profits to Anchor Hanover Group, reducing the taxable amount down to nil
-
They didn't make a profit
-
They were able to use some of the losses from previous years to offset against the profits they made this year
-
A combination of all of the above
Correct Answer
A. A combination of all of the aboveExplanation
Whilst Anchor Hanover is considered to be a charity for tax purposes, none of the subsidiaries are, and therefore they are all subject to corporation tax. However, there are a number of ways that we can reduce that tax liability down to nil. The main one is by gifting any profits up to Anchor Hanover, which allows us to reinvest that profit into the charity, and eliminates the need to pay corporation tax.Rate this question:
-
Quiz Review Timeline (Updated): Mar 20, 2022 +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
-
Current Version
-
Mar 20, 2022Quiz Edited by
ProProfs Editorial Team -
Apr 24, 2020Quiz Created by
Karen Reddy
Back to top