VOL 5 Test 10 - Introduction to Taxation IELTS Listening Answer Key & Explanations

Mr. Dawkins: Hello all. Thank you for attending tonight's presentation. I am mister Dawkins from the Central Government Tax Agency, and I am here to provide you with information regarding filing and paying your taxes. 1First off, let me tell you that in preparing to file your taxes, evidence that can confirm your actual income has to be adequate. Then it should be submitted to the local authority.

You can't just guess what your income was, or you may be charged a large sum of penalty. Income can come in different forms, including wage statements, independent freelancer statements. 2Currently, apart from invoices, we also take bank statements. Our tax period usually lasts for one year. 3Different states have different policies, but here it runs from April to the end of March next year.

All of your current supervisors within the tax period are required to provide you with a wage statement. If you have not received an annual wage statement within one month of the end of the fiscal year, you should contact us and we will request them to send this statement immediately. 4But you need to ask your employers to provide the employment statement because that's something we can't help. A failure to pay along with the evasion of or resistance to taxation is punishable by law. 5If you do not file an annual tax return, you may find that you will have to pay a penalty up to $3,000 in some instances.

So you'd better file your taxes promptly since the government does not tolerate this. Everyone should make sure they file a tax return in a timely manner.

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Mr. Dawkins: Now I suppose you have known something about tax. They are very important. I hope you can always keep them in mind. And here are some random tips which are also helpful. 6When you purchase a new car during the tax period, please note that you will need to work out the latest tax rate and pay a line item tax for this.

For those who just started getting to know tax filing, I do not recommend that you take multiple types of taxes into consideration at your first attempt. 7The calculation will be more straightforward with just one type of tax. Please know that most people use their computers to deal with their taxes. When using your computer to do your taxes or subscribe to an online tax service, you will find many advantages that don't exist when you do it at an office. One of the advantages of preparing your taxes online is that you can save whatever information you have gathered and then resume your preparations at another time.

In doing this, 8since the tax information won't take much of the storage space, you don't have to worry about whether your computer will be able to accommodate the information you have gathered. Also, 9in doing your taxes online or in using an online tax service, you will find that mistakes are less likely to happen as the online tax preparation programs have safeguards to prevent you from omitting required information. Generally, to begin working on your taxes, you will go to the tax office and inquire the office workers and finally fill in some forms. But for now, you can go to our website and download some. If necessary, 10you can take some time to complete a questionnaire, which will give you advice on which type of form you should fill in.

If there are any questions you cannot answer, you can call to speak to someone in person. Thank you for attending tonight's presentation. Please know that my central government tax agency associates and I are always willing to help you with your tax preparation by answering any questions you might have.

Answers For VOL 5 Test 10 - Introduction to Taxation

Answers and detail explain for VOL 5 Test 10 - Introduction to Taxation

Answer Table

Explain

VOL 5 Test 10 - Introduction to Taxation

Question 1-10

Complete the notes below. Write ONE WORD AND/OR A NUMBER for each answer.

Introduction to Taxation

To certify income

A tax year

Penalty for failing to pay tax

Tips

Online tax service

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