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Certified ACCounting teChniCiAn exAminAtion
SAmple multiple ChoiCe queStionS – June 2009
Paper T9 (IRL)Preparing Taxation Computations
Sc A y
All questions are compulsoryNote: Section B of the actual exam paper will contain four written questions
2
t w ss a yca s a w aa Sc A aa a J 2009was. t w b a a ss sc A.A ss Sc A w b w w aks ac.
1
Benefits provided by employers are usually taxable on employees.
Wc w bs s ay not aab?A
Living accommodation
B
Club membership
C
Monthly bus/train passes
d
Company cars
(2 aks)2 Wc Sc s a v a by a is s cay a is va a ?A
Schedule D Case lll
B
Schedule E
C
Schedule F
d
Schedule D Case lV
(2 aks)3
Peter received deposit interest of
€
80 (net of DIRT) for the year ended 31 December 2007 and
€
160 (netof DIRT) for the year ended 31 December 2008.
Wa s p’s aab s s ya 31 dcb 2008?A
€
240
B
€
200
C
€
160
d
€
100
(2 aks)4
Tax relief is available for certain medical expenses incurred by individuals.
Wc w ca ss s awab c a ss?A
Eyesight tests
B
Routine dental check-ups
C
Contact lenses
d
X-rays
(2 aks)
5
Preliminary Tax must be paid by individuals on or before 31 October in the year of assessment to avoidinterest.
Wa s a s ayab c a s a a a?A
0.273% per day
B
0.5% per day
C
0.375% per day
d
0.325% per day
(2 aks)
3
6
Joe and Mary have been married for 10 years. In August 2007, Joe purchased 500 shares in BIA Ltd ata cost of
€
5,000. In January 2008, he gifted 250 of his Bia Ltd shares to his wife Mary. The value of the250 shares in January 2008 was
€
3,500. Mary sold all of her shares in Bia Ltd for
€
6,000 in December2008.
Wa was may’s caa a ssa sas Ba l?A
€
1,000
B
€
2,500
C
€
3,500
d
€
1,500
(2 aks)7
A Ltd is a trading company. During the year ended 31 December 2008, the company made a capital lossof
€
10,000 on the disposal of its factory premises.
Wc w ca s ss b s aas?A
The company’s trading profits for the year ended 31 December 2008
B
Deposit interest received by the company in the year ended 31 December 2008.
C
The company’s capital gains in the year ended 31 December 2008
d
Rental income received by the company in the year ended 31 December 2008
(2 aks)8
XYZ Ltd commenced trading on 1 February 2008 and made up its first set of accounts to 30 April 2009.
Wa s xYZ l’s s acc ?A
15 months ended 30 April 2009
B
12 months ended 31 January 2009
C
11 months ended 31 December 2008
d
Three months ended 30 April 2008
(2 aks)9
Businesses must register for value added tax (VAT) if their turnover exceeds certain limits.
Wa s v a wc a bsss v aab svcs y s s VAt?A
€
37,500 per annum
B
€
45,000 per annum
C
€
75,000 per annum
d
€
50,000 per annum
(2 aks)10 Wc w w a VAt s a w accs VAt cas csbass ay VAt ?A
The total amount of sales invoiced in the relevant VAT period
B
The total amount of cash received in the relevant VAT period
C
The total amount of sales invoiced and cash received in the relevant VAT period
d
The total amount of cash sales made by the company in the VAT period
(2 aks)e s a
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