Test yourself Question 1 of 6 Question 1 of 6
A company has 4 million euros of core-business revenue. What is its entertainment allowance?
24,000 euros 60,000 euros 40,000 euros 16,000 euros
Question 2 of 6 Question 2 of 6
A business gives clients diaries worth 20 euros each. How are they treated?
They count against the entertainment allowance They are deductible in any case They are not deductible They are 75% deductible
Question 3 of 6 Question 3 of 6
How much of the owner's 200 euro hotel bill, paid by card in Italy, is deductible?
200 euros 150 euros 160 euros Nothing
Question 4 of 6 Question 4 of 6
What share of a company smartphone's monthly plan is deductible?
50% 75% 80% 100%
Question 5 of 6 Question 5 of 6
Depreciable assets of 100,000 euros at the start of the year and 8,000 euros of repairs: what happens to the excess?
It is lost It is deducted in equal instalments over the next five years It is deducted in one go the following year It must be capitalised
Question 6 of 6 Question 6 of 6
Interest expense of 20,000 euros, no interest income, ROL of 50,000 euros and nothing carried forward. How much is deductible this year?
20,000 euros 15,000 euros 10,000 euros 5,000 euros
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