1. Which of the following Statements is considered to be VALID? a. Responsibility of payment of Indirect Tax can not be shifted b. Responsibility of Direct Tax can not be shifted Tax implies benefits obtained in return equivalent to the tax payment d. None of the above 2. Which of the following is considered a tax payment? a. Service Tax b. Toll Selky Charges Penalty for Traffic Violation d. All of the above 3. Which of the following Statements provides the meaning of Previous Year? a. A year whose income is considered for Computation of Tax in the following year b. It is the year that follows an Assessment Year, where the income is taxed It is the year that succeeds an Assessment Year, where the income is Taxed d. a&b 4. Which of the following is not an Indirect Tax? a. Tax on Sale of goods b. Tax on Sale of service Tax levied on sale of raffle ticket d. All of the above e. None of a, b,c&d 5. One of the following principles is not to be applied, when evaluating a Taxation System. Not paying salaries to the Tax Officers in order to reduce administrative cost b. Regressive tax structure cPaying the tax when the income is earned / received d. Equity Principle 6. Rob is a business man in the USA. His fiancee, Mary was working throughout the taxable Year in England as a software engineer for Microsoft Corporation. For the same taxable period, Rob issues an appointment order to her appointing her as administrative manager of his business in the USA, mentioning her home town in USA as her place of work. When he filed his federal tax return, he deducted $30,000 as Salary Expense for her and shows an income in his Tax Return Form at $75000. If you are the concerned Tax Officer, how much, in your view will be Rob's income a. 30000 b. 75000 c105000 Page 1 of 2