Suggested Solutions (KE3) March 2015 (Sinhala medium) Page 1 of 1

SUGGESTED SOLUTIONS

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KE3 – Fundamentals of Taxation and Law

Suggested Solutions (KE3) March 2015 (Sinhala medium) Page 2 of 2

1(a) 1.1

1.2

1.3

1.4

1.5

[1(a)(MCQs) = 10 ]

: 4.1.1

: C

: 1.1.2

: B

: 4.5.2

: B

: 5.1.1

: A

: 5.2.1

: C

Suggested Solutions (KE3) March 2015 (Sinhala medium) Page 3 of 3

1(b)

1.6

1.7

1.8

: 2.4.3

: 2.4.4

: 3.1.1

Suggested Solutions (KE3) March 2015 (Sinhala medium) Page 4 of 4

1.9

1.10

[1(b) = 10 ]

: 5.1.3

: 5.2.2

Suggested Solutions (KE3) March 2015 (Sinhala medium) Page 5 of 5

2

(250,000 *12) 3,000,000

(105,000 *12) 1,260,000

: 50,000 (600,000) 660,000

20,000 x 12 240,000

172,000 x 50% 86,000

-

3,986,000

-

-

(140,000 x 12) 1,680,000

(32,000)

1,648,000

(412,000)

1,236,000

1,236,000

1,742,000

689,000

67,000

160,000

75,000

2,733,000

: 2.2, 2.3, 2.4

Suggested Solutions (KE3) March 2015 (Sinhala medium) Page 6 of 6

(120,000)

2,613,000

7,835,000

(850,000)

6,985,000

(100,000)

-

(75,000)

-

(500,000)

6,310,000

500,000 4% 20,000

500,000 8% 40,000

2,613,000 10% 261,300

500,000 12% 60,000

500,000 16% 80,000

1,000,000 20% 200,000

697,000 24% 167,280

6,310,000 828,580

828,580

841,800

150,000

(991,800) (163,220)

0)

Suggested Solutions (KE3) March 2015 (Sinhala medium) Page 7 of 7

1(a)

1.1

1.2

1.3

1.4

1.5

[1(a)(MCQs) = 10 ]

: 1.3.1.

: C

: 3.1.1

: C

: 4.3.1

: B

: 5.3.1

: A

: 8.1.1

: D

Suggested Solutions (KE3) March 2015 (Sinhala medium) Page 8 of 8

1(b) 1.6

1.7

: 1.4.1 / 1.4.2

-

: 2.1.1

Suggested Solutions (KE3) March 2015 (Sinhala medium) Page 9 of 9

1.8

1.9

: 4.1.2

: 6.1.1

Suggested Solutions (KE3) March 2015 (Sinhala medium) Page 10 of 10

1.10

[1(b)(MCQs) = 20 ]

7.1.3

Suggested Solutions (KE3) March 2015 (Sinhala medium) Page 11 of 11

: 2.4

( 10)

Suggested Solutions (KE3) March 2015 (Sinhala medium) Page 12 of 12

: 3.3

( 10)

Suggested Solutions (KE3) March 2015 (Sinhala medium) Page 13 of 13

: 5.4

:

( 10)

Suggested Solutions (KE3) March 2015 (Sinhala medium) Page 14 of 14

: 6.3

“ ”

( 10)

Suggested Solutions (KE3) March 2015 (Sinhala medium) Page 15 of 15

“ ˜”

“ ˜” suggested

solution

²

KE3 - Fundamentals of Taxation and Law : Executive Level Examination 2015