Corporation tax is...

is paid by business who make a profit

..is a discount off your tax bill

is used to disclose details when applying for insurance

Someone who works in actuary....

assesses the risk and decides on a premium

The excess in insurance is..

The minimum you must pay before making a claim

You hand over remaining property once a claim is paid

studbud

Insurance and Taxation

15 termsStudBud Administration276 plays

A #leavingcert #business quiz

Flashcards15 cardsFPractice quizPHost liveL

Questions 15

Answers

1
Name this actor
Tyrion Lannister
Peter Dinklage
Robert Allenby
Arnold Schwarzenegger
2
VAT stands for...
Value Allowance Tax
Value Added Tax
Volume Added Tax
Vehicle Assurance Test
3
Corporation tax is...
is a tax on housing estates owned by the government
a tax paid by corporations who sell in Ireland
is a tax paid by the local County Council
is paid by business who make a profit
4
PAYE, PRSI, USC are all forms of..
Indirect taxation
Government Custom Duties
Income Tax
Types of Insurance
5
A p21 is used to...
Get all tax credits
Show the amount of tax paid in a year
ID for claiming social welfare
Balance your tax bill
6
A tax credit
..none of the above
..is a discount off your tax bill
..is the reaming part of your tax bill which is unpaid
..is added to your tax liability for the year
7
Which of these is NOT an insurance company
Abeeba
Just for Women
FBD
Liberty Insurance
8
A proposal form..
is used when deciding on whether or not to get engaged
a contract setting out the terms and conditions of a deal
none of the above
is used to disclose details when applying for insurance
9
Name the movie...
Drive
Speed
Revenge of the Puppy Monsters
The Notebook
10
Someone who works in actuary....
works with arrows and bows
assesses the risk and decides on a premium
collects tax on behalf of the government
prosecutes business who fails to pay tax
11
The excess in insurance is..
The minimum you must pay before making a claim
The maximum you can claim
The amount of money being claimed
The amount which claims cannot go over
12
What form of insurance protects against employees stealing from the company?
Fidelity Insurance
Life Assurance
Buildings & contents
Employee Liability Insurance
13
What form is given when you leave a job during the year
p35
p45
p60
p25
14
Name the band..
The Beatles
The Monkeys
The Beach Boys
Journey
15
Subrogation means...
You hand over remaining property once a claim is paid
You can only claim what is rightfully yours
You cannot profit from insurance
You cannot make a loss from insurance

Insurance and Taxation Flashcards | StudBud