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

Q2. 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 not previously included as assessable income) these questions is about chapter 9 of prepare tax documentation for individuals and this chapter will be determine amounts deductible 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

Answer rating: 100% (QA)

answer Q1 Which of the following taxes is not deductible Answer is b None of the answers are correct ... View the full answer