B) B) 6) Which of the following item is excluded from assessable income of salaries tax in Hong Kong? A) Reimbursement of medical bill from employer. Cash allowance for meal. C) Depreciation allowance. D) Bursary for persons receiving full time education. 7) Which of the following expense cannot be deducted from salaries tax in Hong Kong? A) Traveling from home to office. Subscription to profession body. C) Exam fee to profession body. D) Depreciation allowance. 8) Which of the following is not the relevant facts in determining whether a particular activity or a series of transactions constitutes trading? A) Subject matter of realisation. B) Supplementary work on, or in connection with, the property realised. C) Value of the property realised. D) Frequency or number of similar transactions by the same person. 9) The following income are exempted from profits tax in Hong Kong except for: A) Interest on Government bond. B) Interest on customer's account overdue. C) Interest on Exchange Fund debt instrument. D) Interest on HK dollar denominated multilateral agency debt instruments. 10) X Ltd is a Hong Kong toy manufacturer which manufactures the goods in its factory in Mainland China and transfers the goods to its factory in Hong Kong for further processing. The finished goods are then sold to overseas customers and profits of $100,000 was made for the Y/A 2020/21. The assessable profits for the Y/A 2020/21 in respect of this income is: A) Snil B) $50,000 C) $100,000 D) $120,000