pathfinder - The Institute of Chartered Accountants of Nigeria

PATHFINDER20. The means by which the taxpayer seeks to minimize his tax liability throughlegal acts is known asA. tax allowance.B. tax shifting.C. tax avoidance.D. tax evasion.E. tax payment.PART II: SHORT ANSWER QUESTIONS1. Education tax is chargeable on ………………………2. A person who receives or is entitled to receive benefits from an annuity under aSettlement or Trust is -------------3. Who is responsible for the day-to-day administration of the secretariat of theEducation Trust Fund?4. When interacting with Spreadsheet, $AA$3 represents ………………reference.5. The currency in which withholding tax is to be deducted and paid to therelevant authority is the ………………….6. What is the document required before a Qualifying Capital Ex penditure aboveN500,000 is allowed by the relevant tax authority?7. Who appoints members of the Education Tax Fund Board of Trustees?8. In the year a partner resigns from a partnership, what is the basis of assessingthe remaining partners?9. A computer simulation program that simulates a paper worksheet iscalled……….10. It is a general rule that ad valorem duty is not paid more than ……INTERMEDIATE EXAMINATION - NOVEMBER 201058