Reference no: EM131196753

According to the assignment's requirement and the lecture slides provided, Design a multiple choice question on NON-ASSESSABLE INCOME only, including the explanation why you choose this answer . 400 words. It can be a calculation question.

•The assignment must be no more than 2,000 words in content. A penalty, of a reduction in mark, may be imposed if this word limit is exceeded.

•The assignment must be type written, a font size of not less than 12 must be used, and a word count must be shown at the end of the assignment. An assignment that does not have a word count shown may not be marked.

Assignment Question
You are to devise 5 multiple choice and/or multiple selection questions and solutions on the following topics that have been covered in first six weeks of the course:

1. Introduction and Income Tax Basics

2. International tax

3. Assessable income (Including Ordinary Income, Statutory Income and Capital Gains Tax)

4. Non-assessable income

Multiple choice questions consist of a stem and a set of options. The stem is the beginning part of the item that presents the item as a problem to be solved, a question asked of the respondent, or an incomplete statement to be completed, as well as any other relevant information. The options are the possible answers that the can be chosen from, with the correct answer called the key and the incorrect answers called distractors. Only one answer can be correct. This contrasts with multiple selection items in which more than one answer may be correct.

You must briefly explain why you chose each question. Each question should take no longer than 5 minutes to complete.

Example Multiple Choice Questions
1. During the income year ended 30 June 2016, Karen received salary and wages of $20,000, rental income of $23,000, a net capital gain of $5,000 and a fringe benefit valued at $3,000. What is Karen's ordinary income that is assessable for the year ended 30 June 2016?

A. $43,000

B. $48,000

C. $51,000

D. $28,000

E. $25,000

2. Which of the following statements is true?

A. Assessable income consists of ordinary income, statutory income and some non-assessable non-exempt income.

B. Non-assessable non-exempt income is not subject to tax but it does reduce tax losses.

C. Assessable income consists of ordinary income and statutory income only.

D. Statutory income includes all income according to ordinary concepts.

E. None of the above statements are true.

Example Multiple Selection Question
1. Which of the following are taxpayer entities?

A. Individuals

B. A trustee, but only in respect of some kinds of income of the trust

C. Partnership

D. Trust

E. Companies that are body corporate

Attachment:- Topic-Non-Assessable-Income-.rar