ent's Full Name: ATTEMPT ALL OBJECTIVE QUESTIONS (200.5=10 Marks ) 1- All the business expenses are not allowed under a. Profit purpose b. Capital purpose c. Income tax purpose d. Accounting purpose 2- In sole trader business and partnership business owners are the a. Taxpayers b. Tax collectors c. Not responsible for tax d. None of the above 3- ........... out of the business are not accounted under the business taxable income a. Salaries b. Rent c. Donations d. All of Above 4- ............. is a combination of Social and Medicare taxes a. Employment tax b. Self-employment c. Income tax d. Property tax 5- One of the first items of information that must be provided on tax returns is a. filing status b. tax liability c. tax paying d. taxable income