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Income Tax

Total questions: 10

Worksheet time: 2mins

Name
Class
Date
1.

There are how many ways to file personal income tax?

a)

1

b)

2

c)

3

d)

4

2.

What is the minimum age to file income tax?

a)

16

b)

18

c)

21

d)

None of the above

3.

YA 2019 assessment is for income earned

a)

from 1 Jan 2019 to 31 Dec 2019

b)

from 1 Jan 2018 to 31 Dec 2018

c)

from 1 Jan 2020 to 31 Dec 2020

d)

from 1 Jan 2018 to 31 Dec 2019

4.

The overall relief for a tax resident is capped at

a)

S$65,000

b)

S$70,000

c)

S$75,000

d)

S$80,000

5.

The highest personal tax rate in year 2019 is

a)

20%

b)

22%

c)

24%

d)

26%

6.

A Sole-Proprietor should use the 4-line statement when his revenue is more than

a)

S$100,000

b)

S$150,000

c)

S$120,000

d)

S$200,000

7.

Which of the following marital status is not eligible to claim Parenthood Tax Rebate (PTR) in the relevant year?

a)

Single

b)

Divorced

c)

Separated

d)

Widowed

8.

You may claim Parent Relief / Handicapped Parent Relief for up to ______ dependant(s)

a)

4

b)

3

c)

2

d)

1

9.

Earned Income Relief for a 55-59 year old non-handicapped tax resident is

a)

S$4,000

b)

S$4,500

c)

S$5,000

d)

S$6,000

10.

Which of the following is taxable?

a)

Royalty Received

b)

CPF Withdrawal at age 55

c)

CPF Life Payout from 65

d)

Life Insurance Maturity Payout