Taxation - Set 2 Quiz

Report 1 / 5

Which of the following statements in relation to Malaysian tax system is not true?

(A)		Sales and service tax (SST) is charged at every stage of the products chain to consumers

(B)		Zakat dan fitrah is a tax rebate

(C)		A gift of money made to the government, state government or an approved institution is given a deduction in income tax

(D)		Foreigners working in Malaysia for less than 60 days are exempted from income tax

Difficulty Level: Hard

Report 2 / 5

What does it mean by tax reliefs?

(A)		Tax reliefs refers to items or expenses, which are not taxed, for the benefit of the individual or family members

(B)		Tax relief is an incentive to reduce the amount of tax by making a deduction from the total income tax

(C)		Tax relief refers to all personal expenses in the forms of gifts, donations, contributions to government or various organisations

(D)		Tax relief includes all forms of wages, salaries, bonuses, dividends, interest, rentals, royalties, premiums and so on

Difficulty Level: Hard

Report 3 / 5

What does it mean by tax rebate?

(A)		Tax rebate refers to items or expenses, which are not taxed, for the benefit of the individual or family members

(B)		Tax rebate is an incentive to reduce the amount of tax by making a deduction from the total income tax

(C)		Tax rebate refers to all personal expenses in the forms of gifts, donations, contributions to government or various organisations

(D)		Tax rebate includes all forms of wages, salaries, bonuses, dividends, interest, rentals, royalties, premiums and so on

Difficulty Level: Medium

Report 4 / 5

What does it mean by tax exemption?

(A)		Tax exemption refers to items or expenses, which are not taxed, for the benefit of the individual or family members

(B)		Tax exemption is an incentive to reduce the amount of tax by making a deduction from the total income tax

(C)		Tax exemption refers to all personal expenses in the forms of gifts, donations, contributions to government or various organisations

(D)		Tax exemption includes all forms of wages, salaries, bonuses, dividends, interest, rentals, royalties, premiums and so on

Difficulty Level: Medium

Report 5 / 5

Table below shows the electric joule meter readings of Ryan's house.

Reading on 3 March 2021	Reading on 3 May 2021
26 359	27 042

And table below shows the electricity tariff rates.

Total units on the usage of the house is \(683\) kWj. Calculate the rate charged for the first \(300\) kWj.

Difficulty Level: Medium