F1 試験問題を無料オンラインアクセス

AA manufactures computers. These are sold to BB at $100 a computer plus a 5% sales tax. BB subsequently sells the computers to CC for $200 a computer plus a 5% sales tax. C sells the computers to customers at $300 a computer plus a 5% sales tax.
The total tax received by the tax authority is $30.
Which type of tax is described above?

• A.Single-stage sales tax
• B.Multi-stage cumulative sales tax
• C.Value added tax
• D.Retail tax

Country Q has the following rules in respect of capital tax on the disposal of assets:
*Capital gains are subject to tax at 25%.
*Capital losses can only be carried forward and offset against future capital gains.
The following data relates to ABC:

How much capital tax will be payable on the capital gain recorded in 20X3?
Give your answer to the nearest $.

To apply the fundamental principles of the Code of Ethics, existing and potential threats to the entity first need to be identified and evaluated.
Which THREE of the following are identified in the Code as threats?

• A.Confidentiality threat
• B.Self-review threats
• C.Objectivity threats
• D.Familiarity threats
• E.Self-interest threats
• F.Integrity threats

When developing local Generally Accepted Accounting Principles (known as local GAAP) some countries start with International Financial Reporting Standards (IFRSs) which are then amended to reflect local needs and conditions.
This type of approach is classified as:

• A.Adoption of IFRSs as local GAAP.
• B.Using IFRSs as a model for local GAAP.
• C.IFRSs having little or no impact in formulating local GAAP.
• D.IFRSs having a persuasive influence in formulating local GAAP.

What does the tax credit method of giving double taxation relief mean?

• A.The countries agree on certain types of income which will be exempt or partially exempt in one country or the other.
• B.Tax paid in one country may be allowed as a tax credit in another country. Relief is normally restricted to the lower of the foreign or country of residency tax.
• C.Tax paid in one country may be allowed as a tax credit in another country. Relief is normally restricted to the higher of the foreign or country of residency tax.
• D.Tax relief is gained by deducting the foreign tax from the foreign income so that only the "net" amount will be subject to tax in the country of residency.