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1: Which among the following statements is correct when determining the taxable amounts for housing benefits

Correct! Wrong!

Ref: http://127.0.0.1/taxdony/Glossary/housing-benefit/

2: Which among the following is NOT an allowable deduction

Correct! Wrong!

deductions

3: Which among the following benefits provided by the employer are non-taxable

Correct! Wrong!

Ref: http://127.0.0.1/taxdony/Glossary/non-taxable-employment-benefits/

4: Ryan a person living with disability earns a monthly salary of Sh. 220,000. He pays Sh. 20,000 per month for personal care. Determine his taxable income per month.

Correct! Wrong!

Ref: http://127.0.0.1/taxdony/Glossary/incomes-to-persons-with-disabilities/

5: Ryan a person living with disability earns a monthly salary of Sh. 220,000. Determine his taxable income per month.

Correct! Wrong!

Ref: http://127.0.0.1/taxdony/Glossary/incomes-to-persons-with-disabilities/

6: Ryan a person living with disability earns a monthly salary of Sh. 120,000. Determine his taxable income per month.

Correct! Wrong!

Ref: http://127.0.0.1/taxdony/Glossary/incomes-to-persons-with-disabilities/

7: Mukuru Njega 78 years old receives pension income of Sh. 35000 per month. This correct tax position on this amount

Correct! Wrong!

Ref: http://127.0.0.1/taxdony/Glossary/retirement-benefits/

8: World focus an NGO pays Sh 350,000 per annum as contribution to an unregistered pension scheme for its director general. The tax implication of this to the director general is

Correct! Wrong!

Ref: http://127.0.0.1/taxdony/Glossary/employers-contribution-to-retirement-schemes/

9: World focus an NGO pays Sh 350,000 per annum as contribution to a registered pension scheme for its director general. The tax implication of this to the director general is

Correct! Wrong!

Ref: http://127.0.0.1/taxdony/Glossary/mortgage-interest-relief/

10: The tax advantage of a mortgage is

Correct! Wrong!

Ref: http://127.0.0.1/taxdony/Glossary/mortgage-interest-relief/

11: Kijana wa Mwala 44 years old receives pension income of Shs. 35000 per month from his former employers unregistered provident fund. This amount

Correct! Wrong!

Ref: Income tax act CAP 470, Sec 8(4)

12: Kijana wa Mwala 44 years old receives pension income of Shs. 35000 per month from his former employers registered provident fund. This amount

Correct! Wrong!

Ref: Income tax act CAP 470, Sec 8(4)

13: Free meals provided by an employer to an employee

Correct! Wrong!

Ref: http://127.0.0.1/taxdony/Glossary/free-meals/

14: A bank offers its employees loans at Zero interest rate. What is the tax implication of the interest benefit?

Correct! Wrong!

Ref: http://127.0.0.1/taxdony/Glossary/fringe-benefit/

15: Which of the following employment benefits is exempted from tax

Correct! Wrong!

Ref: http://127.0.0.1/taxdony/Glossary/employers-contribution-to-retirement-schemes/

16: Khadija an Employee of ABC Ltd. Contributes Sh. 30,000 per month to the company’s registered pension scheme. She shall be entitled to a tax deduction of….

Correct! Wrong!

Ref: http://127.0.0.1/taxdony/Glossary/contributions-to-registered-pension-or-provident-funds/

17: Khadija an Employee of ABC Ltd. Contributes Sh. 30,000 per month to the company’s unregistered pension scheme. She shall be entitled to a tax deduction of….

Correct! Wrong!

Ref: http://127.0.0.1/taxdony/Glossary/contributions-to-registered-pension-or-provident-funds/

18: What is the maximum allowable deduction for contributions made by employees to registered pension schemes?

Correct! Wrong!

Ref: http://127.0.0.1/taxdony/Glossary/contributions-to-registered-pension-or-provident-funds/

19: The following are tax reliefs granted in Kenya Except

Correct! Wrong!

Ref: Income tax act CAP 470, Sec 30, 30A & 31

20: Muka received 50,000 for free for his employer, the market price was Sh. 2 per share. This shall be treated as

Correct! Wrong!

21: Raphael a new MD was allotted 50,000 by the employer at an offer price of Sh. 3 per share. The market price per share is Sh.5. The assessable benefit shall be

Correct! Wrong!

Ref: http://127.0.0.1/taxdony/Glossary/employee-share-ownership-plan/

Correct! Wrong!

Ref: PAYE Guide

23: Ezra received a gift worth Sh. 12000 by his employer in the month of March 2021. The taxable benefit is

Correct! Wrong!

Ref: http://127.0.0.1/taxdony/Glossary/benefits-in-kind/

24: Ezra received per-diem (night out allowance) of Sh. 12,000 from his employer in May 2021. The taxable benefit is

Correct! Wrong!

Ref: http://127.0.0.1/taxdony/Glossary/per-diems/

25: Maltilda's water bill of Sh. 7,000 per month was settled by her employer. The taxable benefit shall be

Correct! Wrong!

Ref: http://127.0.0.1/taxdony/Glossary/services-provided-by-employer/

26: Betty’s annual electricity bill of Sh. 4000 was settled by the employer. The taxable benefit for the period is

Correct! Wrong!

Ref: http://127.0.0.1/taxdony/Glossary/services-provided-by-employer/

27: The taxable benefit per annum on motor vehicles provided by employers is the higher of the value determined by the commissioner and

Correct! Wrong!

Ref: http://127.0.0.1/taxdony/Glossary/motor-vehicle-benefit/

28: The taxable benefit per annum on furniture provided by employers is

Correct! Wrong!

Ref: http://127.0.0.1/taxdony/Glossary/services-provided-by-employer/

29: Incomes of employees paid on weekly basis

Correct! Wrong!

Ref: http://127.0.0.1/taxdony/Glossary/irregularly-paid-employees/

30: Comment on taxation of pension annuities received by a 58-year-old retiree

Correct! Wrong!

Ref: http://127.0.0.1/taxdony/Glossary/retirement-benefits/

31: Comment on taxation of pension annuities received by a 68-year-old retiree

Correct! Wrong!

Ref: http://127.0.0.1/taxdony/Glossary/retirement-benefits/

32: Comment on taxation of pension lump sum received by a 58-year-old retiree

Correct! Wrong!

Ref: http://127.0.0.1/taxdony/Glossary/retirement-benefits/

33: Medical insurance or benefit offered by an employer to employees

Correct! Wrong!

34: A company picks and drops its employees from their homes using a staff bus. This saves each employee Sh. 4000 of fare per month. The taxable value of this benefit per employee is

Correct! Wrong!

Ref: http://127.0.0.1/taxdony/Glossary/benefits-in-kind/