1.Which of the following transactions is eligible assessable income in the hands of a prescribed taxpayer under 18 years:

Select one:

a. Dividend payment from his/her parents investments

b. Inheritance money received from a deceased grandparent

c. None of the statements are applicable

d. Bank interest received from a minors own savings account

2.During the 2019 income year, Lisas Caf (a Small Business Entity) recorded a trading stock closing balance of $45,000 and an opening balance of $41,500. Select the relevant tax implications:

Select one:

a. The deficit in stock levels can be claimed as a business deduction

b. The business owner should use an alternate valuation method to ensure stock levels are equal

c. The excess stock must be included as assessable income

d. The difference between the opening and closing values can be disregarded

3.On 1 July 2018, Carmens Pie Shop had an opening debtor balance of $8,000 and a closing debtor balance of $13,500 on 30 June 2019. Business records show that the shop received a total of $77,000 in cash payments from cash sales and debtors. Select the CORRECT statement:

Select one:

a. Using Cash Basis tax accounting, assessable income is $82,500

b. Using Accruals Basis tax accounting, assessable income is $77,000

c. Using Accruals Basis tax accounting, assessable income is $13,500

d. None of the options are correct

e. Using Cash Basis tax accounting, assessable income is $77,000

4.Which of the following is an example of tax evasion?

Select one:

a. Falsifying expense documents

b. All of the above

c. Claiming a tax offset for which you are ineligible

d. Understating the closing balance of trading stock levels

Don't need any explaniation can you please provide me the answer only if you can can you please provide me with in 15 minutes