COMM_Midterm_May_2012_%28questions%29-sample - STUDENTS...

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STUDENT’S LAST NAME________________________ FIRST NAME:_____________________ STUDENT #:______________________________ ********************************************************************************** BUSI 355 Introduction to Income Tax Mid-Term Examination ***QUESTION BOOKLET*** June 1 st , 2012 Instructor: Tran Chung Total Marks: 40 Time: 180 minutes This examination booklet consists of 9 pages including this cover page. Financial calculators can be used during this examination. Allocate your time carefully and clearly explain your analysis. The Income Tax Act is permitted to be used during exam (tabbed with name of provision, underlined, or highlighted, but no other notations or writings). Assume all persons are Canadian resident unless specifically stated otherwise. You CANNOT ask any questions during the exam. If there are any omissions or errors, please state them clearly and make the appropriate assumptions that you feel are necessary to complete the answer. Please answer all questions in the ANSWER booklet. 1
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