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Taxation Q 1 Ms

The document contains multiple choice questions about taxation in Malaysia. It covers topics like tax relief, agencies that collect different taxes, calculating income tax payable, chargeable income, consequences of tax evasion, purposes of taxation, and meanings of tax-related terms.

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Karan Praba
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32 views

Taxation Q 1 Ms

The document contains multiple choice questions about taxation in Malaysia. It covers topics like tax relief, agencies that collect different taxes, calculating income tax payable, chargeable income, consequences of tax evasion, purposes of taxation, and meanings of tax-related terms.

Uploaded by

Karan Praba
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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1. Tax relief is given on medical or treatment for parents.

What is the purpose of the government providing tax relief?

a) To cultivate a loving society


b) To increase source of government revenue
c) To reduces hospital expenses
d) To avoid wasting habits of people

2. Which agency is authorized to collect road tax

a) Inland Revenue Board


b) Royal Malaysian Customs Department
c) District council
d) Road Transport Department

3. Manufacturing cost of a unit chair in Factory P is RM85. It is given that the sales tax
imposed is 10%. Determine the minimum selling price of a unit of chair so that it is not
to suffer any loss.

a) RM 88.00

b) RM 93.50

c) RM 92.00
d) RM 76.50

4. Madam Esa had an annual income of RM 62380 in 2020. The total tax relief she claimed
was 15370. She also donated RM 1000 to a library in the same year. Calculate income tax
payable by Madam Esa.
a) RM 1 480.80

b) RM 1 880.80

c) RM 1 680.80

d) RM 1 280.80

5. Chargeable income of Madam Noraini was RM73420 in 2020. An amount of RM 300 was
deducted from a monthly salary for PCB. She also paid zakat RM400 in the same year.
Calculate tax shortfall she needs to pay.

a) RM 1 518.20 b) RM 8 918.20 c) RM 5 318.20 d) RM 1 318.20

1
6.

Calculate the chargeable income.


a) RM 74 850

b) RM 75 840

c) RM 70 855

d) RM 47 508

8.

Calculate the chargeable income.

a) RM 92 015

b) RM 91 502

c) RM 90 251

d) RM 95 021

9. Mr Rahim forgot to pay his property assessment tax. What action can be taken against him
according to the local Government Act 1976?

a) Property is confiscated

b) Fine of RM 3 000 is imposed

c) Exiled

d) Imprisonment for a term of 6 months

2
10. Encik Abdullah owns 300 m2 residential land in Kedah. It is given that the quit rent rate

is RM 0.15 per square metre. Calculate the quit rent payable by En. Abdullah each year.

Ans.______________________45___________________
11. Yii Soon had dinner at a restaurant. He had a plate of fried rice, two pieces of fried

chicken and a cup of coffee. The table below shows the price of the food and drink.
Food &Drink Price (RM)
Fried rice 6.00 per plate
Fried chicken 5.00 per piece
Coffee 4.00 per cup

It is given that the restaurant charges 6% on service tax. Calculate Yii Soon’s bill.

Ans._________________21.20________________________
12. Madam Seri’s income is RM 55000 and the donation amount of RM 2500 is tax

exempred. What is the madam Seri’s taxable income after the tax deduction?

[Tax deduction rate is 7%]

a) RM 52 500

b) RM 48 560

c) RM 48 650

d) RM 51 150

13. Abu’s taxable income after tax deduction is RM 60078 in the year 2020. How much is the

total tax that Abu has to pay in that year if Abu pays zakat of RM 1200?

[For income RM50001 – 70000, for the 1st RM50000 tax is RM1800 and
the next RM 20000 is 14%]
a) RM 2 010.92

b) RM 58 878.00

c) RM 2 812.46

d) RM 4 012.48

3
14.

Find chargeble income?

Ans.______________42700___________________________

15.

Find chargeble income ?


Ans.____________45700_____________________________

16. Which is a Direct tax ?

a) Sale and service tax

b) Road tax

c) Property assesment tax

d) Individual tax

17. Which is a Indirect tax ?

a) Excess duty

b) Sales and service tax

c) Property assesment tax

d) Import duty

18. The sales and service tax(SST) in Malaysia is fixed at 5%.


State whether the statements given True or False

a) False

b) True

4
19. The higher the income, the higher the tax rate in Malaysia.

State whether the statements given True or False

a) True b) False

20. Madam Mary was charged service tax at a rate of 7% for staying in Hotel Xaba.

State whether the statements given True or False

a) False b) True

21. What is the meaning of taxation ?

a) Is a process of collecting revenue from an individual or a company for country's


development

b) Is a process of collecting money from an individual or a company for the usage of country

22. Does not pay quit rent within the stated period in the notice of claim

Describe the consequences of tax evasion form legal and financial aspect for the following

a) Fined RM 5 000
b) The land can be seized

23. What is the purpose of taxation


a) Source of government revenue

b) Control of sales of goods or services

c) Financial tool to stabilise the economy


d) Government policy implementation tool

24. How is tax revenue used?

a) Development

b) Social Welfare

c) Healthcare
d) Education

e) ALL the above.

5
25. _______________ is tax levied on income earned by an individual or a company in
Malaysia

State the tax above

a) Road tax

b) Income tax

c) Property assessment tax

26. Are Zakat and Fitrah is a tax rebate?

a) True b) False

27. Which of the following are taxation ?

a) Quit Rent

b) Road Tax

c) Income Tax

d) Property Assessment Tax


e) Sale and Service Tax

28. What is the meaning of Joint Tax Assessment ?

a) Filed by husband (or wife ) . Wifes's income (or husband's income) is aggregated with the
husband's ( or wife's) when filing tax assessment

b) Husband and wife each file their own tax assessment

29. What is the meaning of Separate Tax Assessment ?

a) Husband and wife each file their own tax assessment

b) Filed by husband ( or wife ) . Wifes's income ( or husband's income ) is aggregated with


husband's ( or wife's ) when filing tax assessment

30. Encik Osman had a total chargeable income of RM 35 800 in 2020 . He paid Zakat
amounting to RM 700. Calculate the income tax payable by En Osman for that year

Ans._______________RM 0____________________________

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