Question : Which one of the following is a component of profit?
Option 1: Corporate tax
Option 2: Wages and salaries in kind
Option 3: Mixed income
Option 4: All of the above.
Correct Answer: Corporate tax
Solution : Profit has three componenets-
Hence, Option A is correct.
Question : Compensation of employs includes the following-
Option 1: Wages and salaries in cash
Option 3: Employers contribution to social security scheme.
Question : The profit component of income method includes ___________________.
Option 2: Divident
Option 3: Retained earnings
Question : Direct financial payments includes which of the following?
Option 1: Wages
Option 2: Salaries
Option 3: Incentives
Option 4: All of the above
Question : Which of the following is an example of a direct tax?
Option 1: Sales tax
Option 2: Corporate tax
Option 3: Excise tax
Question : Which of the following is an example of an indirect tax?
Option 1: Property tax
Option 2: Income tax
Option 3: Sales tax
Option 4: Corporate tax
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