Friday Quiz - 24/4/2020

5 Questions | Attempts: 103
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  • 1/5 Questions

    Bodhrán, Conga and Snare are all types of which musical instrument?

    • Clarinet
    • Drum
    • Flute
    • Trumpet
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Friday Quiz - 24/4/2020 - Quiz

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  • 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 above
    Explanation
    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.

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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, 2022
    Quiz Edited by
    ProProfs Editorial Team
  • Apr 24, 2020
    Quiz Created by
    Karen Reddy
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