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

    SUGGESTED SOLUTIONS

    All Rights Reserved

    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

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