cf25-public-finance-and-taxation-pilot-paper
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UPLOADED BY Unknown
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DATE 06 Dec 2025
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SIZE 0.29 MB
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notes
About This Document
Document Type: This is a Study Notes, designed for Reviewing core curriculum material.
Context: Standard material from the 2021 academic period.
Key Content: Likely covers essential definitions, structured questions to test your proficiency.
Study Strategy: Summarize these notes into flashcards or mind maps to aid active recall and long-term retention.
Recommendation: comprehensive resource for students aiming to deepen their understanding of General Studies.
Detailed Content Overview
Introduction
This notes resource titled "cf25-public-finance-and-taxation-pilot-paper" offers detailed study notes covering essential concepts and theories. This resource is structured to facilitate effective learning and retention of important information.
Key Topics Covered
Learning Objectives
- Understand fundamental principles and core concepts
- Build a strong foundation for advanced study
- Connect theoretical knowledge with practical applications
- Prepare comprehensively for assessments and exams
Detailed Summary
CPA INTERMEDIATE LEVEL CIFA INTERMEDIATE LEVEL PILOT PAPER PUBLIC FINANCE AND TAXATION December 2021. Marks allocated to each question are shown at the end of the question. Any assumptions made must be clearly and concisely stated. RATES OF TAX (Including wife’s employment, self-employment and professional income rates of tax). Assume that the following rates of tax applied throughout the year of income 2020: Monthly taxable pay Annual taxable pay Rate of tax (Sh. 1 24,000 1 - 288,000 10% 24,001 40,667 288,001 - 488,000 15% 40,668 57,334 488,001 - 688,000 20% Excess over 57,334 Excess over - 688,000 25% Personal relief Sh. ) Up to 1200 cc 3,600 43,200 1201 - 1500 cc 4,200 50,400 1501 - 1750 cc 5,800 69,600 1751 - 2000 cc 7,200 86,400 2001 - 3000 cc 8,600 103,200 Over - 3000 cc 14,400 172,800 i. c Residual value (per year on reducing balance) op Rate of investment allowance w. ) 18,000 6,000 200 900 2,400 10,800 CA26 & CF25 Page 1 Out of 5 QUESTION ONE (a) Discuss three roles played by the National Assembly budget committee or equivalent institution in your country in relation to public finance management. (6 marks) (b) The national and county governments engage in a number of projects.
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Summarization
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Collaborative Learning
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Regular Review
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CPA INTERMEDIATE LEVEL CIFA INTERMEDIATE LEVEL PILOT PAPER PUBLIC FINANCE AND TAXATION December 2021. Time Allowed: 3 hours. Answer ALL questions. Marks allocated to each question are shown at the end of the question. Show ALL your workings. Any assumptions made must be clearly and concisely stated. RATES OF TAX (Including wife’s employment, self-employment and professional income rates of tax). Year of income 2020. Assume that the following rates of tax applied throughout the year of income 202...
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