According to the income tax of Jamaica, a person is a resident if he (a) lives in the country, (b) resides in the country for not more than 183 days, (c) lives in a country 183 days or longer in any one year, or (d) lives in a country for 3 consecutive months in any one year.
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According to the income tax of Jamaica, a person is a resident if he (a) lives in the country, (b) resides in the country for not more than 183 days, (c) lives in a country 183 days or longer in any one year, or (d) lives in a country for 3 consecutive months in any one year.
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- May Tan, a 50-year-old Canadian citizen entered Singapore on 1 June 2020 to work for a Singapore company. Her contract is for 1 year. Which of the following statements is/ are TRUE? (i) May will be taxed as a non-resident for Year of Assessment 2021 as she is not a Singaporean(ii) May’s income from Singapore will be exempt from tax as she is not a tax resident(iii) May will be taxed as a resident for the Year of Assessment 2021 but as a non-resident for the Year of Assessment 2022. Question 8 options: 1) i only 2) ii only 3) iii only 4) None of the aboveSheena is a citizen of Jamaica currently living and working in Canada. All of the following statements are applicable to her tax liability except: A. If she sends her income to Jamaica, she is liable to pay tax on the income. B. She would only pay taxation on her income in Canada and not liable to taxes in Jamaica. C. If she lives in Canada for a period of 183 days or more, she is liable to pay tax on her income in Canada. D. The double taxation agreement between Jamaica and Canada would provide tax relief on income.Y received the following items of income during the taxable year: If Y is a resident alien, how much is the total income subject to regular income tax? (Within means earned within the Philippines, without means earned outside of the Philippines). Within Without Business Income 400,000.00 200,000.00 Professional Fees 200,000.00 100,000.00 Rent income 600,000.00 200,000.00 Interest income 60,000.00 40,000.00 P1,800,000 P1,740,000 P1,700,000 O P1,200,000
- 5. A citizen of Canada moved to the United States on May 1, 2022, and lived and worked in the United States the rest of the year. Is the following statement true in this situation? If the individual was issued a Permanent Resident Card (i.e., Green Card) on June 1 2022, they may be considered a U.S. Resident for tax purposes for 2022.Which of the following taxpayers is ineligible to claim the American Opportuniy Tax Credit? A taxpayer who: 1) is enrolled at a Military Academy. 2) is 26 years old. 3) has AGI of $55,000. 4) Uses the single filing status.An employer in The U.S. Virgin Islands employs two individuals, whose taxable earnings to date (prior to the current pay period) are $5,100 and $6,900. During the current pay period, these employees earn $1,650 and $2,800, respectively. The applicable SUTA tax rate is 1.5%, and the U.S. Virgin Islands SUTA threshold is $28,900.FUTA tax _____SUTA tax ______
- 47. Is this a requirement for a taxpayer to be eligible for the earned income tax credit for the tax year 2023. A. A taxpayer must have been a US citizen or resident alien for the entire tax year. B. A taxpayer has been a US citizen or residential alien with 6 months of the year. C. Attacked her only has investment and retirement income to report.Which of the following statements relating to the tax treatment of an employee is FALSE? (i) Christina, an Australian, is engaged to work in Singapore from 18 November 2020 to 31 December 2020. During the same period, she derived interest income from a loan given to a company in Singapore. All of her income sourced in Singapore will be tax exempt in YA 2021 since she exercised employment in Singapore for not more than 60 days in year 2020.(ii) Amy, a Singaporean, was seconded to work with a subsidiary company in Malaysia for 1 year, starting from 1 January 2020. For the Year of Assessment 2021, she will still be considered as tax resident in Singapore since her absence from Singapore is temporary.(iii) Xiao Ping, from China, commenced her employment with a Singapore company on 1 August 2020 and her contract will end on 30 January 2021. She is not required to travel outside of Singapore for work purposes. She arrived in Singapore on 15 July 2020 to settle in as well as to do some…I need help getting the answer to this question!
- Frank moved to Canada from Germany on February 20, 2020. Which of the following accurately describes Frank's tax status for 2020?| (a) Frank will be taxed in Canada on all his worldwide income earned in 2020 because the time he spent in Canada exceeds 183 days. (b) Frank will be taxed in Canada on all his worldwide income earned in 2020, multiplied by the number of days spent in Canada and divided by 365. (c) Frank will be taxed in Canada on all his worldwide income earned from February 20, 2020 to December 31, 2020, except for gains or losses on the sale of capital property owned prior to entering Canada. (d) Frank will be taxed in Canada on all his worldwide income earned from February 20, 2020 to December 31, 2020.24. A citizen of Canada moved to the United States on May 1st of 2022 and lived and worked in the United States the rest of the year is the following statement true and the situation. A. End of the dual must apply for a social security number to work in the United States. B. If the individual was issue a permanent residency card on June 1st 2022 they may be considered a US resident for tax purposes for 2022.Mateo Lopez is not a resident of Canada. For the current year, Mateo has a worldwide income of $120,000, including $15,000 of employment income earned in Canada and $2,000 of interest received on Canada savings bonds. The remainder of his income was from sources outside of Canada. What amount of income must be reported on Mateo’s Canadian personal income tax return for the current year? Please do fast ASAP fast