What is the significance of the first two numbers in the RUC/TUR?
3T 1ST

Quiz
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Business
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Professional Development
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Medium
Celina Pincay
Used 54+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a. They represent the taxpayer's age
b. They correspond to the taxpayer's province
c. They indicate the taxpayer's income level
d. They are randomly assigned by the IRS
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What documents are required to open a natural and a legal person RUC/TUR?
a. Driver's license and utility bills
b. ID or passport, elections ballot, basic services bill, and economic activity documents for natural person; forms, identification documents, address and economic activity for legal person
c. Birth certificate and school transcripts
d. Rental agreement and credit card statements
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What obligations are associated with the RUC/TUR?
a. Trading classes and financial training
b. Presenting updated information, issuing authorized receipts, and declaring taxes
c. Cultural events attendance
d. Buying at authorized stores only
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What may be imposed as a penalty for not declaring taxes within the established deadlines?
a. Free tax consultation
b. Discounts on future taxes
c. Fines ranging from $30 to $1500
d. Tax credits for the next year
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is the Ecuadorian Simplified Tax Regime (RISE) primarily designed for?
a. Corporations with high sales
b. Natural persons with low sales amounts
c. International businesses
d. Individuals with no income
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why was the RISE created by the IRS?
a. To increase income for the government
b. To discourage natural persons from participating in economic activities
c. To simplify tax procedures for all taxpayers
d. To create a tax culture among natural persons with low sales
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the income limit for natural persons to qualify for the RISE?
a. $50,000 per year
b. $60,000 per year
c. $70,000 per year
d. There is no income limit
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