Friday, 10 April 2015

Cima E1 Exam Question No 7

Question No 7:

A schedular system of corporate income tax means?

A. A method used to calculate the corporate income tax payable
B.
A system that has a number of schedules which set out how different types of income
should be taxed

C.
A system that has a number of schedules which set out when tax returns and tax
payments should be made

D.
A system that has a number of schedules which set out the various tax rates

Answer: B

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