A cosmetic enterprise in the territory of China had the following transactions in December 2014:(1) There was welfare to the employees which was granted with the cosmetics and rice purchased in December;(2) The cost of the cosmetics was RMB 100,000 and the market value was RMB 200,000 in the same period;(3) Purchase price of rice was RMB 50,000.How much deemed sales income was the above welfare granted according to the related rules of EIT?

1 .A resident enterprise in the territory of China had the following incomes in tax year 2014:(1) RMB 500,000 obtained from the fiscal appropriation;(2) Qualified investment income derived from equity rights of RMB 150,000 between resident enterprises;(3) Income of RMB 200,000 derived from immovable property transfer;(4) Interest of RMB 30,000 derived from national bond.Which one is non-taxable income according to the rules of EIT?

A Only (1) B Only (1), (2) C Only (3), (4) D Only (1), (2) and (4)

题型: 单选题 提问时间: 2021-08-24

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3 .Enterprises in the territory of China had incomes as follows:(1) Incomes derived from donation received by non-profit making organizations;(2) Incomes derived from business operations by non-profit making organizations;(3) Bonuses obtained from resident enterprises by non-resident enterprises with establishments in the territory of China, the bonuses have the actual connection with the establishments;(4) Investment income from a less-than 12 months continuous holding with the stocks of listed company obtained by non-resident enterprise with establishments in China.Which one of above incomes is exempt from EIT according to the EIT provisions?

A Only (1) B Only (1) and (3) C Only (2), (3) and (4) D All of the above

题型: 单选题 提问时间: 2021-08-24

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4 .Company A, a Chinese resident taxpayer, the date on recognising its part of incomes was as follows:(1) Income received from equity investment, such as dividends and bonuses, shall be recognized on the date of the profit distribution;(2) The interest income shall be recognised according to the date stipulated in the contract on which the debtors shall pay interests;(3) The income from franchise royalties shall be recognised according to the date on which the franchisee received;(4) The recognition of incomes from donations shall be recognised according to the date on when the donated asset is actually received.Which one of above options about income recognition is correct?

A Only (1), (2) B Only (3), (4) C Only (1), (2) and (4) D All of the above

题型: 单选题 提问时间: 2021-08-24

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5 .An enterprise, a resident taxpayer located in China, handled the following incomes with methods:(1) Product buy-back transaction, the enterprise did not recognise income when sold goods, payments received should be recognised as liabilities;(2) Selling goods by buying one get one free method, income for each good should be recognised by apportioning the sales revenue according to the percentage accounted for by fair value of each good;(3) Goods are sold by trade-in. Income should be recognised depending on sale price. The reclaimed goods should be treated as purchased goods;(4) Goods are sold with trade discount. The income should be recognised after deducting the amount of trade discount.Which is the correct answer of above options about the statements above-mentioned?

A Only (2) B Only (3) C Only (2), (3) and (4) D (1), (2), (3) and (4)

题型: 单选题 提问时间: 2021-08-24

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7 .A clothing factory is Chinese resident taxpayer, occurred the following wages and "three expenses" Which were booked into accounts of cost and expense:(1) Total wages and salaries actually paid was RMB 5 million;(2) Employment welfare expenses actually paid were RMB 750,000;(3) Employee training expenses actually paid were RMB 100,000;(4) Labour union funds appropriated were RMB 84,000.How much expense of "three expenses" could be deducted when calculating taxable income of tax year 2014?

A 754,000 B 784,000 C 884,000 D 900,000

题型: 单选题 提问时间: 2021-08-24

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8 .An electrical appliance company had some sales businesses in tax year 2014:(1) Sold electrical appliances needed installation and test on 10 August; the goods were delivered to the purchaser and had been installed and tested on 20 August;(2) Sold electrical appliance by the settlement methods of collection with acceptance, the procedure of collection was finished on 5 September;(3) Advance payment received on 15 August from an electrical appliance order placed by a stadium, the goods were delivered on 15 September;(4) Sold electrical appliance by means of consignment and paid commission to the consignee, the enterprise received the list of the consignment on 20 August.Which sales could be confirmed its income in August 2014?

A Only (1) B Only (2) and (3) C Only (4) D Only (1) and (4)

题型: 单选题 提问时间: 2021-08-24

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9 .Company S, a Chinese resident taxpayer, paid the following taxes in tax year 2014:(1) VAT paid was RMB 100,000;(2) Business tax paid was RMB 120,000;(3) Land appreciation tax paid was RMB 80,000;(4) Enterprise income tax paid was RMB 50,000.Which tax payment could be deducted before EIT when calculating tax liability of company S in tax year 2014?

A Only (1) B Only (2) and (3) C Only (1), (2) and (3) D All of the above

题型: 单选题 提问时间: 2021-08-24

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10 .Company A, a Chinese resident taxpayer, is a high and new technology enterprise, it planned to build new factories to expand its production scale, and the basic information was as follows:(1) A long-term loan borrowed from a bank on the date of 1 January 2014, the principle of the loan was RMB 30 million, the annual interest rate was 4.5% and the life of the loan was 3 years.(2) The building of factories began on 1 April 2014 and had been completed on 31 December and put into use.How much financial expenses could be deducted according to the related rules of EIT when calculating the tax payable?

A 370,000 B 350,000 C 330,000 D 337,500

题型: 单选题 提问时间: 2021-08-24

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