Question: Subject: TAXATION Explain by giving examples at least TWO (2) definition for taxation. (5m)* Discuss at least FOUR (4) characteristics of income with an example

Subject: TAXATION

  1. Explain by giving examples at least TWO (2) definition for taxation. (5m)*
  2. Discuss at least FOUR (4) characteristics of income with an example for each. (10m)*
  3. Briefly explain in your own word the functions of Inland Revenue Board. (10m)*
  4. Discuss the responsibilities of employer concerning tax matters in the company. (10m)*
  5. Differentiate the meaning of "Joint Assessment" and "Separate Assessment". (5m)*
  6. Explain by giving examples at least FIVE (5) types of personal relief that can be given to a single individual taxpayer. (10m)*

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