Korea Tax Accounting Technician Level 2 (TAT 2급) case studies
Korea Tax Accounting Technician Level 2 (TAT 2급) · Put your knowledge to work in context.
This independent study page provides practice for Korea Tax Accounting Technician Level 2 (TAT 2급). Its editorial learning areas include Financial accounting and transaction evidence; Earned income, withholding and settlement; Value-added tax, invoices and transaction classification. The questions develop subject knowledge and application through worked reasoning, distinctions between competing answers, and practical scenarios. Study the relevant guide before attempting a mixed set, then explain the evidence or calculation that supports each answer. Topics on this exam: Financial accounting and transaction evidence, Earned income, withholding and settlement, and Value-added tax, invoices and transaction classification. The Korea Tax Accounting Technician Level 2 (TAT 2급) case studies are 4 cases and about 687 words.
1A supplied straight-line depreciation model
A practice company buys a machine for ten million won and pays one million won for installation needed to make it ready for its intended use. The exercise supplies a residual value of one million won, a five-year useful life and straight-line depreciation for a complete year.
171 words, under 1 min2Inventory cutoff and a supporting record
A company closes its annual accounts after a busy year-end week. A batch of goods has been counted in the warehouse, but the invoice and receiving record have not yet been matched.
182 words, under 1 min3A supplied year-end reconciliation
A wage-tax training exercise gives calculated annual income tax of two million five hundred thousand won and eligible tax credits of eight hundred thousand won. The payroll record shows that two million two hundred thousand won of the same tax has already been withheld.
168 words, under 1 min4A VAT calculation with stated eligibility
A classroom exercise supplies a ten-percent VAT rate and tax-exclusive taxable sales of one hundred million won. It gives input VAT of four million won that is fully eligible for deduction and a separate six-hundred-thousand-won input amount that is expressly nondeductible under the exercise assumptions.
166 words, under 1 min