ACAMS Practice Questions
Accounting Cycle and Classifying Accounts
Accounting For Managers
Accounting for Merchandising Activities
Accounting for Pensions
Accounting Information Systems
Activity Based Costing
Adjusting Accounts for Financial Statements
Advanced Business Economics
Advertising and Public Relations
Advertising and Sales Promotion
An Overview of International Business
Analysis and Forecasting Techniques
Analyzing and Recording Transactions
Asset Demand and Supply under Uncertainty
Auditing and Attestation
Behavioral and Allied Sciences
Bonds and Long Term Notes Payable
Business Analytics & Technology Management Chapter 2
Business Analytics & Technology Management Chapter 3
Business Analytics & Technology Management Chapter 4
Business Analytics & Technology Management Chapter 5
Business Analytics & Technology Management Chapter 6
Business and Company Law
Business Ethics and Governance
Business Ethics Exam
Business Law Study guide
Business Organisations and Environment
Business organization and systems
Business Process Performance
California Real Estate
Capital Budgeting and Managerial Decisions
Changes in Accounting Principles
Changing Marketing Environment
Consolidated Financial Statements
Corporate and Business Law
Cost Accounting Final exam
Cost Accumulation Systems
Cost Allocation Techniques
Cost and Managerial Accounting
Cost of Capital
Cost Terms and Classifications
Cost Volume Profit Analysis
Currency Exchange Rates
Customer Relationships and Value
CVP Analysis and Marginal Analysis
Debt and Bankruptcy
Decision Makers Household Sector
Demand for Money
Derivative Instruments and Hedging Activities
Dividends, Shares, and Income
Employee Training and Development
Environments of Business
Essence of Management
Ethical and Professional Standards
Ethics and Social Responsibility
Ethics for Management Accountants
External Financial Statements and Revenue Recognition
Federal Securities Acts
Financial and the Nonfinancial Sectors
Financial Decision Making
Financial Intermediaries and Financial Markets
Financial Markets and Securities Offerings
Financial Statements and Accounting Transactions
Flexible Budgets and Standard Costs
Florida Real Estate MCQs
Fraud Internal Control and Cash
Fundamental Accounting Principles
Global Marketing and World Trade
Governmental Accounting State and Local
Health and Life Comprehensive Exam
Health and Life Practice Questions
Human Resource Management
Human Resource Management HRM
Human Resource Planning
Importance of Business Economics
Insurance and Risk Management
Insurance License Texas Life and Health
Integrated Marketing Communications and Direct Marketing
Interactive Marketing and Electronic Commerce
Internal Auditing and Systems Controls
Internal Control and Cash
Interpersonal and Organizational Communication
Introduction to Business
Introduction to Human Resource Management
Introduction to Human Resources Assessment
Investment Risk and Portfolio Management
Job Order Costing
Life and Health Insurance
Life Insurance Basics
Life Insurance Policies
Life Insurance Policy
Long Term Investment
Long Term Securities
Management and Cost Accounting
Managerial Accounting Concepts and Principles
Managing Organizational Change
Managing Production and Operations
Managing Products and Brands
Market Segmentation Targeting and Positioning
Marketing and Corporate Strategies
Marketing Channels and Wholesaling
Master Budgets and Planning
Mergers and Acquisitions
Money and Banking
National Health Insurance
Not For Profit Accounting
Organization and Operation of Corporations
Organizational Behavior Essentials
Organizational Markets and Buyer Behaviour
Organizational Structure and Design
Personal Selling and Sales Management
Principles and Practices of Management
Production and Operations Management
Profitability Analysis and Analytical Issues
Profitability Analysis and Decentralization
Property Plant and Equipment
Property Plant and Equipment Exam
Reporting and Analyzing Cash Flows
Reporting and Analyzing Receivables
Responsibility Accounting and Performance Measures
Risk and Procedures for Control
Service Department Costing
Short Term Financing
Short Term Investment
Standard Costs and Variance Analysis
State Health Insurance
Statement of Cash Flow
Statement of Comprehensive Income
Statement of Financial Position
Stock Market and Stock Prices
Strategic Marketing Process
Structure of Interest Rates
Supply Chain and Logistics Management
System Analysis and Design
Texas Real Estate
The Management Challenge
Total Quality Management
Understanding Exchange Rates
Understanding Interest Rates
Understanding Interest Rates Determinants
Which of the following is not one of the three basic areas that distinguish a Canadian-controlled private corporation from other corporations?
Rates of tax
Which of the following statements does not correctly describe matters related to active business income?
Active business income would include the selling of services in a profession.
The payment of a salary to a shareholder to reduce income over $200,000 would reduce double taxation.
The first $200,000 of annual active business income is entitled to a reduction in federal taxes by 16%.
The unused portion of the small business deduction is available for carry-over to other years.
Which of the following amounts would not be included in a corporation’s capital dividend account?
Non-taxable portion of life insurance proceeds.
Non-taxable portion of Canadian dividends received.
Non-taxable portion of net capital gains.
Non-taxable portion of gains on eligible capital property.
Which of the following statements does not correctly describe matters related to the taxation of intercorporate dividends?
Corporations are connected when there is intercorporate ownership of more than 10%.
Dividends received from non-connected corporations must pay a Part IV tax of 33 1/3%.
Part IV taxes are fully refundable when the dividends are distributed to shareholders as dividends.
Dividends received from connected corporations must pay a Part IV tax of 6 2/3%.
Which of the following is a disadvantage of incorporating a business?
Dividends are paid by a corporation, and received by a shareholder, only when declared.
Losses of an incorporated business can not be offset against a shareholder’s other income.
The risk of business failure can be reduced during its early stages.
A shareholder can also be an employee of a corporation.
A CCPC in the retailing business with 8 staff has taxable income of $180,000 in 20X1 which excludes Canadian dividend income of $10,000 and includes i...
A CCPC in the real estate rentals business with 4 staff has taxable income of $80,000 in 20X1 which excludes Canadian dividend income of $5,000 and in...
A CCPC received taxable dividends from public corporations of $18,000. It also received taxable dividends of $6,000 and capital dividends of $3,000 fr...
Company A, a CCPC, owns 25% of the voting shares of Company B, a CCPC. Company B earns active business income that is subject to the small business de...
Part I tax of $1,688 and Part IV tax of $625
Part I tax of $3,750 and Part IV tax of $625
Part I tax of $0 and Part IV tax of $625
Part I tax of $0 and Part IV tax of $3,750
For what type or range of income would you be indifferent to paying a salary or a dividend to the sole shareholder of a CCPC?
Income eligible for the Manufacturing and Processing deduction
$200,000 - $300,000
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