pathfinder - The Institute of Chartered Accountants of Nigeria

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PATHFINDER11. If the calculated tax is lower than the statutory minimum tax, the difference isA. subtracted from the Statutory minimum tax.B. payable in addition to the calculated tax.C. carried back to the first preceding taxable year.D. carried back to the third preceding taxable year.E. carried back to the 2 nd preceding taxable year.12. “Child” in respect to settlements, trusts, and estates includes all the followingEXCEPTA. step child.B. adopted child.C. illegitimate child.D. own child.E. brother.13. A person appointed by a Will or Codicil of a deceased person to administer hisestate after his death is called ……….A a trustee.B a beneficiary.C an investor.D an administrator.E an executor.14. What is the time limit within which a tax payer must appeal after theadjudication by a Commissioner for Stamp duties?A. 7 daysB. 14 daysC. 21 daysD. 28 daysE. 30 daysINTERMEDIATE EXAMINATION - NOVEMBER 201056
PATHFINDER15. Which of the following constitutes challenges to computer applications inTaxation?A. Low level IT literacy among revenue officials.B. Cost of computer acquisition.C. Resistance to change.D. Computer fraud.E. Speed and improved efficiency on the part of tax administrators.16. Which of the following is the relevant tax authority responsible for withholdingtax relating to enterprises?A. Federal Board of Inland RevenueB. State Board of Internal RevenueC. Federal Inland Revenue ServiceD. Federal Inland Revenue Service BoardE. Joint Tax Board.17. Which of the following does not suffer withholding tax?A. DividendB. RentC. SalaryD. FeesE. Contracts.18. Duties charged on legal documents are calledA. excise duties.B. instrument duties.C. stamp duties.D. input duties.E. sharp duties.19. Income derived from employment, business, profession or vocation is calledA. gross income.B. earned income.C. net income.D. unearned income.E. estimated income.INTERMEDIATE EXAMINATION - NOVEMBER 201057
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PATHFINDERTABLE OF CONTENTSSUBJECTS
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Page 10 and 11: PATHFINDER4. The formula for alloca
Page 12 and 13: PATHFINDERMaterials on site as at e
Page 14 and 15: PATHFINDERQUESTION 5The table below
Page 16 and 17: PATHFINDERWORKINGS12. EOQ =2CO D 21
Page 18: PATHFINDERWORKINGS13. Sample space
Page 21 and 22: PATHFINDERIt is recommended that:Ca
Page 23 and 24: PATHFINDERQUESTION 3OGBUEFI LIMITED
Page 25 and 26: PATHFINDERQUESTION 4(a)Euler-Venn d
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Page 37 and 38: PATHFINDER15. Section 29 of Banks a
Page 39 and 40: PATHFINDERQUESTION 5Auditing of com
Page 41 and 42: PATHFINDERPART II SHORT ANSWER QUES
Page 43 and 44: PATHFINDERany, in depreciation rate
Page 45 and 46: PATHFINDER(v)(vi)Creditors are able
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Page 53 and 54: PATHFINDERICAN/102/P/2EXAMINATION N
Page 55: PATHFINDER8. What is the term used
Page 60 and 61: PATHFINDERSECTION B: ATTEMPT ANY FO
Page 62 and 63: PATHFINDERQUESTION 3Mr. James makes
Page 64 and 65: PATHFINDERQUESTION 6SOULINE Company
Page 66 and 67: PATHFINDER5. RATES OF PERSONAL INCO
Page 68 and 69: PATHFINDERPART II: SHORT-ANSWER QUE
Page 70 and 71: PATHFINDERIncome tax payable 14,259
Page 72 and 73: PATHFINDERBased on the New Accounti
Page 74 and 75: PATHFINDERAll the above principles
Page 76 and 77: PATHFINDEREXAMINERS‟ REPORTPart (
Page 78 and 79: PATHFINDERCandidates are advised to
Page 80 and 81: PATHFINDERICAN/102/P/4EXAMINATION N
Page 82 and 83: E. Assessment.PATHFINDER9. All rese
Page 84 and 85: PATHFINDER17. Some students in the
Page 86 and 87: PATHFINDER15. The statistic that di
Page 88 and 89: PATHFINDERQUESTION 6A survey on the
Page 90 and 91: PATHFINDEREXAMINERS‟ REPORTThe qu
Page 94 and 95: PATHFINDERvi.vii.Information hoardi
Page 96 and 97: PATHFINDER(vii)Consideration: Commu
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