FNSACC601 Quiz 13 - review

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La Trobe University *

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FNSACC601

Subject

Law

Date

Apr 3, 2024

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pdf

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8

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Question 1 Correct Mark 1.00 out of 1.00 Question 2 Correct Mark 1.00 out of 1.00 Started on State Finished Completed on Time taken Marks 21.00/22.00 Grade 95.45 out of 100.00 Feedback Sensational! - You have shown an indepth understanding of this material, and have achieved an excellent result. Well done. Within what time period may a small business taxpayer lodge an objection against an amended tax assessment? Select one: a. 2 years b. 1 year c. 5 years d. 4 years e. None of the answers are correct Which of the following does not represent a tax decision against which an objection may be lodged? Select one: a. A private ruling b. A penalty notice c. An amended assessment d. None of the answers are correct e. Notification that audit activity will take place
Question 3 Correct Mark 1.00 out of 1.00 Question 4 Correct Mark 1.00 out of 1.00 Question 5 Incorrect Mark 0.00 out of 1.00 Within what time period may a superannuation fund to lodge an objection against a tax decision? Select one: a. None of the answers are correct b. 1 year c. 2 years d. 4 years e. 5 years Which of the following would be the appropriate forum for an appeal relating to a disputed amount of $500? Select one: a. Judicial Review Tribunal b. AAT Taxation and Commercial Division c. None of the answers are correct d. Interview at the nearest Tax Office e. Federal Court Which of the following is not a feature of the Administrative Appeals Tribunal (AAT)? Select one: a. The AAT must give the taxpayer a decision in writing within 60 days b. The AAT may set aside, vary or confirm the ATO’s decision c. All of the answers are correct d. Taxpayers must have legal representation and cannot represent themselves e. The AAT is not bound by rules of evidence
Question 6 Correct Mark 1.00 out of 1.00 Question 7 Correct Mark 1.00 out of 1.00 Question 8 Correct Mark 1.00 out of 1.00 Question 9 Correct Mark 1.00 out of 1.00 A taxpayer who is dissatisfied with an assessment or other taxation decision can challenge that decision. Select one: True False An objection can be lodged against any of the following ATO decisions: assessments private rulings amended assessments a double tax agreements Select one: a. ①②③④ b. ①②④ c. ①②③ d. ①③④ A taxpayer can make a valid and effective objection verbally. Select one: True False A taxpayer cannot object to PAYG tax deductions. Select one: True False
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