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Business Taxes- Chapter 1-3

Authored by Christian Herrero

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University

Used 2+ times

Business Taxes- Chapter 1-3
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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Business Taxes are also known as?

Utility Taxes

Consumption Taxes

Use Taxes

Transfer Taxes

2.

FILL IN THE BLANKS QUESTION

1 min • 1 pt

It is the regular conduct or pursuit of a commercial or economic activity.

(a)  

3.

FILL IN THE BLANKS QUESTION

1 min • 3 pts

The term (a)   involves more than one isolated transaction

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The VAT threshold is ....?

1,500,000

2,000,000

2,500,000

3,000,000

5.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

It is the transfer of ownership of a property in consideration of money received or to be received.

Barter

Exchange

Cash

Sale

6.

FILL IN THE BLANKS QUESTION

1 min • 1 pt

It is the transfer of ownership of property in consideration of property received or to be received.

(a)  

7.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

The tax base is the ........

Selling Price

Receipts

Gross Receipts

Gross selling price

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