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Business English Exercises
 

Taxes

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Home > Teaching Business English > Business English Lessons, Advanced Level # 28
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taxes answer 1
If you are self-employed, it is your responsibility to calculate how much tax you should legally pay.

Correct answer: (d) calculate

Meaning of business term calculate
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taxes, question 1 taxes, pronoun list, what does calculate mean? what is the definition for calculate?

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 teaching vocabulary: english noun verb toeic vocabulary test What is the difference between 'owe' and 'own'?
taxes answer 2
I had a letter from the office of the Collector of Taxes telling me that I had to pay back all the money I owed over the last 3 years.

Correct answer: (c) owed

Meaning of business term owed
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 free word games online: noun verb game free toeic test Meaning of 'joint account'
taxes answer 3
The arrangement they have is that all the money that has to be paid in tax out of their earnings comes from their joint account.

Correct answer: (d) joint

Meaning of business term joint
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taxes answer 4
Under the current legislation if you are late in paying your taxes, then you have to face a financial penalty.

Correct answer: (a) penalty

Meaning of business term penalty
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taxes answer 5
He is in a terrible rush to complete his tax returns by Tuesday otherwise he won't be able to reach the deadline.

Correct answer: (b) deadline

Meaning of business term deadline
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 vocabulary building exercises: verb test gmat preparation test What does to treat oneself mean?
taxes answer 6
It doesn't happen very often but I actually got some money from the tax office and with the refund I'm going to treat myself.

Correct answer: (c) refund

Meaning of business term refund
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 word quizzes: free online verbs quiz gmat exam test Fill in or fill out?
taxes answer 7
Before you can claim any money back on overpayment of tax, you have to fill out an application form.

Correct answer: (b) fill out

Meaning of business term fill out
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 meaning of supplant, batten, oscillate, allocate, acquiesce Transfer your allowance
taxes answer 8
You can elect, if you want, to transfer your tax free allowance to your spouse.

Correct answer: (a) spouse

Meaning of business term spouse
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taxes answer 9
Until it's clearly established which tax group you are in, your employer will be asked to withhold a certain amount of your pay.

Correct answer: (c) withhold

Meaning of business term withhold
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taxes answer 10
There have been so many queries about his tax situation that there is now a huge file containing the details in the office.

Correct answer: (d) file

Meaning of business term file
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Business English Practice Exercises Business English Tests — several topics are covered: office matters, job applications, computer English, money expressions, business law, operations management, retail marketing, e-commerce, accounting terms, contracts and agreements, commercial correspondence, etc.
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