School of WooHoo - Chapter 7: D.I.M.E - Activity 2

Welcome to Chapter 7: D.I.M.E - Activity 2

After completing this chapter, you will understand IRD and NZTR Interest, Dividend and MAD requirements for a customer and be able to educate customers on the process should an incorrect tax rate be chosen.

If you get an answer incorrect, it will tell you the correct answer and on occasion, a further explanation. Please do not attempt the question again, just move on to the next question.

Use your resources such as Woogle wisely and ensure you fully read the question before answering.

Good luck!

Chapter 7: D.I.M.E

1. Sam earns $60,000 per annun. Sam has emailed in his RWT statement for the 2016 year and it shows that Sam has paid tax of 17.5% on his interest. Select the 3 facts that are correct:

2. Tony has emailed in his Interest statement for the 2014 year. Using the statement shown below, please select the correct image that corresponds with the statement.

3. Our customer with WooHoo ID: A04382089 has submitted her interest statement from the 2014 tax year. Is the customer on the correct rate? Look up Alpha rehearsal for your answer


  • Yes
  • No

4. From the following three statements for our customer, look up WooHoo ID A05669649 in Alpha Rehearsal. Figures have already been entered. Please answer the following questions:

 

Is the customer on the correct rate for 2015? 

  

Is the customer on the correct rate for 2017?  

 

The customer contacts our office today. What would you advise the customer? 

 

What rate should the customer be on moving forward?