Question: ( 2 ) Describe at least four ( 4 ) basic features of the General Consumption Tax ( GCT ) ( 3 ) Describe at

(2) Describe at least four (4) basic features of the General Consumption Tax (GCT)
(3) Describe at least two (2) features of Statutory Deductions.
(4) You visited Port's Auto Parts and purchased the following items:
a.2 control arm bushings @ $1000 each
b.2 park lamps RH Toy/Camry LHD @ $3750 each
(5) Compute the GCT that you would pay on these items. Include three (3) invoices that you have obtained for purchase of items that attract GCT.
Show the calculation of the GCT on these invoices.
(6) Prepare the pay slip for a monthly paid employee.
This should include:
a. Employee information
b. Basic Pay of $200000
c. Threshold
d. Relevant statutory Deductions (PAYE, NIS, NHT & ED. Tax),
(7) Describe the requirements for HEART deductions.
(8) Obtain samples of tax forms related to the Income Tax Returns for Self Employed persons. Explain how each form is used. Introduction to provide an overview of different types of organisations and the growth of the international business environment.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!