Residence Status Quiz

Residence Status Quiz

12th Grade

9 Qs

quiz-placeholder

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Residence Status Quiz

Residence Status Quiz

Assessment

Quiz

Financial Education

12th Grade

Hard

Created by

Shahrulnizam Bakar

Used 3+ times

FREE Resource

9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the significance of residence status for tax purposes?

Determining the individual's tax liability

Determining the individual's nationality

Determining the individual's employment status

Determining the individual's educational background

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many days must an individual be in Malaysia to qualify as a resident under Section 7(1)(a) of the Income Tax Act 1967?

90 days or more

Less than 182 days

Less than 90 days

182 days or more

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the quantitative test used to determine the residence status of an individual taxpayer?

Number of vehicles registered in Malaysia

Number of properties owned in Malaysia

Number of family members in Malaysia

Number of days present in Malaysia

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the tax rate for a non-resident company in Malaysia?

24%

5%

30%

17%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Under Section 7(1)(b) of the Income Tax Act 1967, what qualifies as a temporary absence from Malaysia?

Visiting a friend in a neighboring country

Attending a conference abroad

Studying abroad for a semester

Going on a vacation within Malaysia

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the tax treatment for employment income derived from Malaysia for a non-resident individual?

Exempted from income tax

Taxable regardless of working days

Exempted if it satisfies the 60-day test

Taxed at a flat rate of 24%

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the tax rate for a resident company in Malaysia under the company is SME company for the 1st RM600,000?

24%

5%

17%

30%

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the deemed residence status under Section 7(1B) of the Income Tax Act 1967?

Deemed resident for fully-sponsored studies abroad

Deemed resident for existence of link period and temporary absence

Resident for 182 days or more

Resident for 90 days or more

9.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What qualifies an individual to be deemed a resident under Section 7(1)(d) of the Income Tax Act 1967?

Not being in Malaysia for 90 days

Being a resident for 3 years before and 1 year after

Staying in Malaysia for 90 days or more

Being a non-resident for 3 years