Tax Planning and Evasion Quiz

Tax Planning and Evasion Quiz

University

9 Qs

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Tax Planning and Evasion Quiz

Tax Planning and Evasion Quiz

Assessment

Quiz

Other

University

Easy

Created by

Yayan Riyanto

Used 1+ times

FREE Resource

9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is included in the definition of a tax benefit according to s 177C ITA36?

An amount included in assessable income

An amount not included in assessable income

An amount included in taxable income

An amount not included in taxable income

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does "dominant" purpose mean in the context of Part IVA?

The sole purpose

The ruling, prevailing, or most influential purpose

The least important purpose

The secondary purpose

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How often can a Business Activity Statement (BAS) be lodged?

Daily

Weekly

Monthly, quarterly, or annually

Bi-annually

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What can a taxpayer do if they disagree with the Commissioner's assessment?

Accept the assessment without objection.

Object wholly or in part.

Request a refund.

Ignore the assessment.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When is additional tax generally due if an amended assessment is made?

Immediately after the notice.

7 days after the notice.

21 days after the notice.

30 days after the notice.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the final step after a valid assessment has been made according to the document?

Serving a notice of assessment

Calculating the tax amount

Filing a tax return

Paying the tax

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which division addresses penalties for tax avoidance schemes?

Div 284

Div 286

Div 288

Div 290

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of an administrative offence under Div 284?

Failure to keep records

Making false or misleading statements

Late document lodgment

Tax evasion

9.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What must the Commissioner do regarding the base amount for taxpayer behavior?

Ignore it

Make a formal assessment

Automatically increase it

Automatically reduce it