1. A charitable organization is in need of donations and approaches Anwaar for the same. The accepted donation by the charity turns out to be 842,50. How much did Anwaar donate? A. 674 B. 842.5 C. 1053.125 D. None of the above options 2. Identify the correct statement. (i) For assets provided by employee for private use the taxable benefit is - higher of 20% of market value when first provided. (ii) If employer rents an asset and makes it available for the employee then, higher of 20% of the market value or rent paid by the employee A. Only (1) B. Only (ii) C. Both (i) and (ii) D. Both are incorrect 3. Identify the incorrect statement. (i) Where payments made to the employer are greater than the amount paid for personal ear usage - excess amount is asscsed on the employee as a benefit (ii) Where the payment to the employee is less than the amount paid for company car usage- difference is allowable deduction from employee's employment income A. Only (i) B. Only (ii) C. Both (i) and (ii) D. Both (i) and (ii) are correet 4. The HMRC describes a period of account as A. The period for which a charge to corporation tax is made and is never longer than 12 months. B. The period for which a company prepares accounts and is usually 12 months in length. C. The period for which a company prepares accounts and can be shorter than 12 months. D. The period for which a charge to corporation tax is made and is usually longer than 12 months. 5. Identify the correct statement. (i) An individual who is not a resident in the UK is not a Chargeable Person. And, is therefore liable on their worldwide Assets (ii) There are special rules if you are a UK resident but not have permanent home in UK and claim the remittanec basis. A. Only (i) B. Only (ii) C. Both (i) and (ii) D. Both (i) and (ii) are incorrect