Q1 Which of the following taxes is not deductible? Select one: a. Goods and Services Tax b. None...

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Accounting

Q1 Which of the following taxes is not deductible?
Select one:
a. Goods and Services Tax
b. None of the answers are correct
c. Payroll tax
e. Fringe Benefits Tax
Which of the following amounts is fully deductible?
Select one:
b. Regular giving of $50 per week to the local church
d. A gift of $4,000 to a political party
e. A gift of $3,000 cash to a Deductible Gift Recipient
Q3 Which of the following transactions is fully deductible?
Select one:
a. An allowance for doubtful debts of $6,000
d. None of the answers are correct
e. A bad debt of $880 including GST (relates to sales notpreviously included as assessable income)
these questions is about chapter 9 of prepare tax documentationfor individuals and this chapter will be determine amountsdeductible under specific provision of the ACT
- specific deductions under section 8-5
- tax related expenses
- repairs
-lease document expense
- borrowing expense
-mortgage discharge expense
- bad debit

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Q1 Which of the following taxes is not deductible Answer is b None of the answers are correct Goods and Services Tax is deductable in many cases for an example GST on motor vehicles are deductible as a general sales tax Payroll taxes are deductable for all See Answer

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