VOL 5 Test 10 - Introduction to Taxation

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Question 1-10

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

Introduction to Taxation

To certify income

  • enough 1 is needed, including:
    • wage statements
    • independent freelancer statements
    • invoices
    • 2 statements

A tax year

  • starts from 3
  • requires a statement of employment from 4

Penalty for failing to pay tax

  • the maximum amount is $ 5

Tips

  • Tax rate will be changed when buying a 6
  • 7 for one single kind of tax is easier

Online tax service

  • Information occupies small 8 space
  • Fewer 9 are made
  • A 10 is helpful to find the right kind of form