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