Taxation MCQs Test and Answers pdf Download

Practice taxation MCQs and math for test prep and learning. Free math applications notes has multiple choice questions (MCQ) with taxation quiz as if an article costs $350 with 6% gst then price customer has to pay is with answering options $362 , $351 , $371 and $341 for exam preparation. Study to learn taxation quiz with MCQs to find questions answers based online tests.

MCQs on Taxation

MCQ. If an article costs $350 with 6% GST then price customer has to pay is

  1. $362
  2. $351
  3. $371
  4. $341

C

MCQ. If a refrigerator is advertised for $215 inclusive of 7% GST then original price is

  1. $325.95
  2. $225.95
  3. $210.95
  4. $199.95

D

MCQ. Income tax imposed on first $30000 is $600 and on next $10000 income is 6%. If chargeable income is $39200 then income tax payable is

  1. $1,452
  2. $1,152
  3. $1,252
  4. $1,352

B

MCQ. Income tax imposed on first $90000 of income is $4000 and next $20000 is 7%. If chargeable income is $100,000 then tax payable by tax payers is

  1. $5,400
  2. $6,500
  3. $7,000
  4. $7,200

A

MCQ. If tax payable is $8000 for 8 months at rate of 16% then annual value of real estate property is

  1. $85,000
  2. $75,000
  3. $78,000
  4. $89,000

B