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Pls Help, MCQ, ACC307: Taxation of companies and partnership Questions Underline the Answer Legal fees incurred to set up overseas representative office. Capital Revenue Stamp

Pls Help, MCQ, ACC307: Taxation of companies and partnership

Questions Underline the Answer
Legal fees incurred to set up overseas representative office. Capital
Revenue
Stamp duty incurred on renewal of staff accommodation for foreign workers. Capital
Revenue
Running expenses incurred on motor cars owned by Singapore employees' and which are used for business purposes. Deductible
Not deductible
Running expenses incurred on employee-owned motor cars used exclusively in Country X for business purposes. Deductible
Not deductible
Purchase of non-slip tiles to replace existing regular tiles Repairs
Inprovements
Purchase of tiles to replace existing tiles that are cracked or chipped Repairs
Improvements
Expenses of $24,000 incurred on approved trade fair @ $8,000/pax and government grant of $3,000 received @$1,000/pax. How much of the expenditure of $24,000 is deductible? $16,000
$24,000
Is the government grant of $3,000 taxable? Yes
No
What is the amount qualifying for further deduction? $24,000
$16,000
$14,000

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