An advertising agency “Svet” has the following staff members:
1) A director with the salary of 70 000 tenge;
2) An accountant with the salary of 45 000 tenge;
3) A driver with the salary of 45 000 tenge;
4) A painter with the salary of 80 000 tenge.
At April 2009, the salary was accrued for all workers.
At April 1, 2009 the company signed a contract with driver and rented his car for 32 000 tenge per 2 weeks;
At April 3, 2009 the painter submitted to the accounting department the court decision stating that ¼ of his income shall be withdrawn to pay alimony for the benefit of his son.
Required:
Determine the individual income tax and obligatory pension contributions for each worker.
5 marks
Problem #3 VAT.
The entity “Luch” has the following data for 2009:
Turnover from sale of goods comprised:
At January -20 mln tenge;
At February – 25 mln tenge;
At March- 18 mln tenge;
At April – 23 mln tenge;
At May 19 000 mln tenge;
At June – 24 000 mln tenge.
Required:
1) Determine if the entity shall be registered as a VAT payer. Explain your answer.
2) Determine VAT liabilities and payment deadline.
Marks
Problem #4. Property tax
At 27 August, 2009 an entity acquired a building that costs 160 mln tenge.
Required:
Determine tax liabilities of the entity related to property tax.
Marks
Teacher A.mamyrbayev
Head of Department Elubayeva Zh. M
Minutes №
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