How will the tax be determined if a foreigner resident who has worked in China for more th

(ii) Explain how the inclusion of rental income in Coral’s UK income tax computation could affect the

income tax due on her dividend income. (2 marks)

You are not required to prepare calculations for part (b) of this question.

Note: you should assume that the tax rates and allowances for the tax year 2006/07 and for the financial year to

31 March 2007 will continue to apply for the foreseeable future.

How are public schools in all states supported？

A．By the government of the country.

B．By the state government.

C．By the citizens.

D．By tax payers.

(iii) Explain the potential corporation tax (CT) implications of Tay Limited transferring work to Trent Limited,

and suggest how these can be minimised or eliminated. (3 marks)

The“progresslive tax” is the tax（）．

A．collected for social progress．

B．that Increases with each passing year．

C．that is collected from those who earn most．

D．that varies according to how much money a person earns．

A.What about the tax base?

B.How about the tax rate?

C.What are intangible assets?

ernment because it depends on so many different things：whether the man is married;how many children he has;whether he supports any relations，how much interest he receives，how much he has spent on his house during the year，and so on. All this makes it difficult to decide exactly how much the tax is.There was an artist who was always very careful to pay the proper amount.

One year，after posting his check as usual，he began to wonder if he had paid enough，and after a lot of work，with a pencil and paper，he found that he had not. He thought that he owed the government something.

He was just writing another check to send it to the tax collector when the postman dropped a letter into the box at the front door. Opening it，the artist was surprised to find inside it a check for five pounds from the tax collector. The official explained that too much had been paid，and that therefore the difference was now returned to the taxpayer.

11. According to the passage，to decide the exact amount of tax to be paid is ____________.

A. simple

B. easy

C. difficult

D. interesting

12. It is mentioned in the passage that one has to pay tax according to ____________.

A. how much education one has received

B. whether one is single or married

C. how old one’s children are

D. where one lives

13. The word “proper” in the second paragraph means __________.

A. small

B. big

C. right

D. wrong

14. After a lot of work，the artist thought that he had paid the government ____________.

A. less tax than he should have

B. more tax than he should have

C. as much tax as usual

D. just enough tax

15. Why did the tax collector send a letter to the artist？

A. To send him a new tax form.

B. To return the money overpaid.

C. To remind him of paying the tax.

D. To explain the rules of tax paying.