A cosmetic enterprise in China had the following transactions in December 2016:(1) There was welfare to the employees which was granted with the cosmetics and mobile phone 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 mobile phone was RMB 50,000.Calculate the deemed sales income by the above welfare granted according to the related rules of EIT.

1 .A resident enterprise in China had the following incomes in 2016:(1) RMB 500,000 obtained from the fiscal appropriation;(2) dividend derived from equity investment 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 of the above statement(s) is non-taxable income according to the rules of EIT?

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

题型: 单选题 提问时间: 2021-08-24

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2 .Company T registered in China, had the following businesses in 2016:(1) RMB 1,000 of three-year national bond was bought in the beginning of the year;(2) The proceeds of RMB 1,050 gained from the national bond transfer after 300-day holding;(3) The interests of the national bond would be paid back with the principal when being expired; the annual interest rate is 4.3%.How to pay EIT when Company T obtained the interests and proceeds from national bond transfer in 2016?

A Interests of national bond were tax exempt, proceeds from national bond transfer were taxed at the income of RMB 50. B Interests and proceeds from national bond transfer were both tax exempt. C Interests of national bond were taxed at income of RMB 35; proceeds from national bond transfer were tax...

题型: 单选题 提问时间: 2021-08-24

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3 .Enterprises in China had incomes as follows:(1) Incomes derived from donation received by non-profit making organisations;(2) Incomes derived from business operations by non-profit making organisations;(3) Bonuses obtained from resident enterprises by non-resident enterprises with establishments in 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 of above income(s) is exempt from EIT?

A (1) only B (1) and (3) only C (2), (3) and (4) only 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 China tax resident, the date on recognising its part of incomes was as follows:(1) Income received from equity investment, such as dividends and bonuses, shall be recognised 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 stipulated in the contract on which the franchisee shall pay the franchise royalties;(4) The recognition of incomes from donations shall be recognised according to the date on when the donated asset is actually received.Which of the above option(s) about income recognition is correct?

A (1), (2) only B (3), (4) only C (1), (2) and (4) only 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 China tax resident, 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 of the above statement(s) is correct?

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

题型: 单选题 提问时间: 2021-08-24

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7 .A clothing factory is a China tax resident occurred the following wages and salaries 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.What is the amount of expenses which can be deducted when calculating taxable income in 2016?

A RMB 754,000 B RMB 784,000 C RMB 884,000 D RMB 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 2016:(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 astadium, 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 of the above sales income(s) can be recognised in August 2016?

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

题型: 单选题 提问时间: 2021-08-24

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9 .Company S, a China tax resident, paid the following taxes in 2016:(1) VAT paid was RMB 100,000;(2) Consumption 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(s) can be deducted before EIT when calculating tax liability of Company S in 2016.

A (1) only B (2) and (3) only C (1), (2) and (3) only 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 China tax resident, 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 2016, 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 2016 and had been completed on 31 December and put into use.Calculate the financial expenses that can be deducted in 2016 according to the related rules of EIT when calculating the tax payable.

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

题型: 单选题 提问时间: 2021-08-24

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