2009 exam

2009 exam - MLC301 - Principles of Income Tax Law Trimester...

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Unformatted text preview: MLC301 - Principles of Income Tax Law Trimester 1: 2009 Instructions for Candidates: 1. Candidates should attempt all 4 questions. Total marks 100. Question 1 is to be answered on the multiple choice answer sheet provided. Questions 2, 3 and 4 must be answered in the space provided for each specific question . Your Student ID and details must be entered on the cover sheet for each question. FAILURE TO DO THIS WILL MEAN THAT THE RESULT FOR THAT QUESTION WILL NOT BE INCLUDED IN YOUR FINAL GRADE 2. For all questions please note that: All written answers should be presented as complete sentences. ITAA 1997 should be applied where the ITAA 1936 legislation has been rewritten regardless of when the transaction took place. Where appropriate support your answer with legislative and case authority. All transactions are for the tax year 2008/2009 unless otherwise stated. If you need further information state precisely what it is and why it is required. Materials permitted: Students may take into this examination any materials (including a dictionary and calculator) provided it does not interfere with the comfort of other students. Materials NOT permitted: Personal computers of any description. STUDENT ID SEAT NUMBER EXAM LOCATION MLC301 - Final Examination 2009, Trimester 1 page 1 of 33 Question 1 (Multiple choice) Please answer the following 20 questions on the General Purpose multiple choice answer sheet provided. Before starting please write your UNIT CODE and ID NUMBER in the boxes provided. Please do this carefully for all your details so that your answer sheet can be correctly identified. IF IT IS NOT CORRECTLY IDENTIFIED YOUR ANSWERS WILL NOT BE INCLUDED IN YOUR FINAL GRADE. Record your answers, in pencil, on the sheet by filling in the circle that indicates your answer for the appropriate question. If you record more than one answer for a question it will be marked as incorrect. Marks will not be deducted for incorrect answers. Required: For each of the following 20 questions choose the MOST APPROPRIATE answer and record your answer on the separate answer sheet. [40 marks - allow 70 minutes] Multiple choice questions are not reproduced. The questions set for each year are new questions but they are of a similar standard to the questions used in Assessment one and the trial test. Please visit the Exam section of the Assessment folder in DSO for a trial multiple choice test. MLC301 - Final Examination 2009, Trimester 1 page 2 of 33 STUDENT ID SEAT NUMBER EXAM LOCATION QUESTION 2 ANSWER THIS QUESTION IN THE SPACE PROVIDED ANSWER ALL PARTS Allow 35 minutes (10+10=20 marks ) MLC301 - Final Examination 2009, Trimester 1 page 3 of 33 QUESTION 2 (ANSWER IN THE SPACE PROVIDED) Allow 17 minutes (10 marks) PART A Required: Ignoring capital gains tax, discuss in detail the effect of the following agreement on Lisas ordinary and/or statutory income. Where appropriate, agreement on Lisas ordinary and/or statutory income....
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2009 exam - MLC301 - Principles of Income Tax Law Trimester...

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