Taxation Quizzes, Questions & Answers
Recent Taxation Quizzes
This Business Income and Tax Quiz assesses knowledge on deductible business expenses, substantiating expense claims, and tax implications of business activities. It is ideal for learners looking to understand business finance and...
Questions: 29 | Attempts: 359 | Last updated: Mar 21, 2025
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Sample QuestionBusiness expenses are generally deductible without limitation if it is ordinary and necessary – commonly incurred by other businesses (not necessarily repetitive in nature (e.g., legal fees for defense in lawsuit) and appropriate for a particular business.
The 'Chapter 7 Tax Quiz' assesses understanding of tax concepts like preferential tax rates, AMT, and common adjustments. It ensures learners grasp how deductions and exemptions affect different income groups, enhancing their...
Questions: 11 | Attempts: 464 | Last updated: May 22, 2025
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Sample QuestionPreferential tax rates are 0% for taxpayers in what tax brackets?
The 'Chapter 9 Tax Quiz' assesses knowledge on the capitalization and cost recovery of assets. It covers depreciation, amortization, and depletion of various asset types, and explores concepts like property basis and adjusted...
Questions: 39 | Attempts: 119 | Last updated: Jul 22, 2025
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Sample QuestionBasis of property is ____________ by cost recovered every year
Explore key aspects of pension contributions in the ACCA F6 Taxation module. This quiz covers types of pensions, schemes, contribution limits, and tax-relievable aspects, essential for professionals under 75 aiming to enhance...
Questions: 14 | Attempts: 293 | Last updated: Mar 21, 2025
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Sample QuestionTwo types of pension are Personal Pension and __________ Pension.
Challenge your knowledge of UK taxation with the ACCA F6 quiz! Test your understanding of tax aims, efficiency, tax types, and specific tax examples like VAT and inheritance tax. Ideal for finance professionals and students...
Questions: 11 | Attempts: 1035 | Last updated: Mar 22, 2025
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Sample QuestionWhich of the following is the aim of taxation to discourage:
Explore key aspects of tax and regulatory frameworks with this quiz. Topics include advance tax liabilities, capital gains, tax exemptions, and specific deductions under Indian tax law. Ideal for enhancing understanding of...
Questions: 8 | Attempts: 1953 | Last updated: Mar 21, 2025
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Sample QuestionA company is required to pay 75% of its advance tax liability by which date:
Tax and Regulatory Program
Tax Proficiency test – Indirect tax Questionnaire
Part A – Indirect tax
Questions: 25 | Attempts: 174 | Last updated: Mar 21, 2025
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Sample QuestionIf Company A (situated in Gujarat) raises an invoice on Company B (situated in Delhi) for supply of goods from its warehouse (situated in Maharashtra) to Company B’s warehouse (situated in Tamil Nadu), in which State will CST be levied?
Dive into the essentials of tax accounting with this trivia quiz! Test your knowledge on MACRS depreciation, business deductions, amortization, and more. Perfect for professionals and students looking to sharpen their tax...
Questions: 80 | Attempts: 1928 | Last updated: Apr 19, 2025
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Sample QuestionIn computing MACRS depreciation, salvage value is ignored.
EA practice test 4 assesses knowledge on amending tax returns, estimated tax payments, and statute limitations. It's designed for learners and professionals aiming to understand U.S. tax regulations effectively.
Questions: 7 | Attempts: 4420 | Last updated: Mar 21, 2025
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Sample QuestionRory filed his 2010 Form 1040 on February 20, 2011. Later, he finds an error that would result in a larger refund. What is the last day that Rory can amend his 2010 tax return and still receive a refund?
EA practice test 3 assesses knowledge on various tax scenarios, including dependency claims and filing statuses. It tests understanding of IRS regulations relevant for tax preparers, focusing on personal and dependent exemptions,...
Questions: 17 | Attempts: 271 | Last updated: Mar 20, 2025
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Sample QuestionRay is a client who tells you that his wife died in September 2010. Based on this information, Ray can claim ______.