[Laura]

Passed 4th time lucky! This was my final F paper… on to the professionals! 🙂

[Laura]

I failed F4 this morning with 48% 🙁 I am very disappointed as I got 60%+ in 3 mock papers.

[Laura]

@mariamakhalaia said:
I also remember few MCQ

One was about VAT flat rate scheme and I pick answer 960 I am not sure
It stated that turnover was 10 000 exclusive VAT so I added VAT and then calculated VAT payable

Second was about wealth decrease, transfer of shares I pick 65 000

Third about exempt I pick fountain pen cost 40$

Fourth about taxable income of 120 000 , born before 1938 but i pick 120 000 because of 27 000 limit of income

Fifth NIC 4 I guess I pick 4432 or something like that it was A answer

Next, about tax avoidance and tax evasion I choose D it war NISA tax avoidance and Interest emission tax evasion

Next,about remaining nil rate band I choose 115 000

Next, about self asessment I choose 31 January 2017 but I think It is wrogn

Next, about exemptions also I choose D, It was NISA , NI&S saving certificate and bonds

Next, payment on account I dont remembr why but I choose 17 000

Next, about residence exemtion I choose 69 000 but now I think it was 72 000

Next about quantity of acco. for calculation of upper and lower limits for corporation tax purposes I choose 2 ( but there was tricky moment about purchase shares on 01.03.2015 and answer was in respect of 31.03.2015)

Next about shares market value I calculated 3.11 per share so 3110

Most of these match my answers. Well the ones I remember 🙂

[Laura]

@hjjk said:
no idea how u are doingbut im so glad i ticked 21.5% by chance 😀

I picked 21.5 too but not sure how it was worked out. I think I just guessed because it was 9 months at 21% and 3 months at 23% so thought 21.5% fit best!

[Laura]

@hjjk said:
can some one tell how to calculate the average rate of tax payable if income of 200000(something) iin the mcqs :S

Was this the corporation tax one? It was split over 2 years and the answers were 21% 21.5% 22.5% 23%?

[Laura]

@ehsanshah said:
Anyone on Mcq’s? if u remenber your ans plz share.

My MCQ’s were:
C
C
A
D
B
C
C
D
C
C
A
A
D
A
B
Not sure if they are correct. Would like to compare if anyone remembers there’s.
Thanks

[Author]

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