Question

Make 3 multiple choice questions (MCQ) for the topic
''tax concept of integration''.
There should be 3 incorrect answers and 1 correct answer for each question.

Answer 1

The three multiple choice questions for the topic "tax concept of integration" are:

1. When the tax will be counted at the individual's marginal tax rate?

a. When the individual is shopping to fulfil his own needs.

b. When the individual is getting the salary or dividend from the corporation.

c. When the individual is traveling for the corporation

d. None of the above.

2. What is the concept of integration?

a. The total income tax paid by an individual on a certain stream of income will be the same marginal tax, irrespective of whether the final amount paid as the salary or as a dividend.

b. To divide your salary and keep it in different banks so you can use them later.

c. To distribute your salary or dividend among your coworkers.

d. To fight for your salary with the corporation.

3. What does the Canadian Income Tax system employ in order to achieve tax integration?

a. a mechanism of dividend gross-up and dividend tax credit which will result in the individual paying a lower amount of tax on a dividend which they get from the corporation

b. Recruit various income tax officer to collect tax from the employee of a corporation.

c. A machine which will check that all the tax are collected by tax collector in a correct manner

d. None of the above.