pathfinder - The Institute of Chartered Accountants of Nigeria

PATHFINDER8. What is the term used when the tax payer seeks to minimize his tax liabilitieswithin the tax law?A. Tax allowanceB. Tax shiftingC. Tax avoidanceD. Tax incidenceE. Tax evasion.9. In absolute referencing, $G10 meansA. that the row is absolute and the column is relative.B. absolute reference to cell G10.C. that the column is absolute while the row is relative.D. that cell G10 could not be regarded as absolute.E. that cell G10 could be varied.10. Using an excel spreadsheet, what is the formula for calculating the monthly taxpayable by an employee, given the following information?A B C1 Taxable Income Annual Liability Monthly Deduction2 232,564 40,141.00 3,345A. A/BB. =A+B-CC. B/12D. B2/12E. =B2/12.INTERMEDIATE EXAMINATION - NOVEMBER 201055