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Exam Code: IIA-IAP
Exam Name: Internal Audit Practitioner
Vendor: IIA

60 Questions & Answers
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NEW QUESTION: 2
You have an Azure subscription named Subscription1 that contains the resources shown in the following table.

The status of VM1 is Running.
You assign an Azure policy as shown in the exhibit. (Click the Exhibit tab.)

You assign the policy by using the following parameters:

For each of the following statements, select Yes if the statement is true. Otherwise, select No.
NOTE: Each correct selection is worth one point.

Answer:
Explanation:

Explanation


NEW QUESTION: 3
An entity purchases US $150,000 of inputs from other entities and incurs US $500,000 of labor costs in manufacturing its products. It also incurs US $100,000 of interest expense. The entity sells all of its output for US $2.5 million. Rather than paying income tax, the entity must pay a 25% value-added tax. How much tax will be due for this year's activities?
A. US $625,000
B. US $437,500
C. US $587,500
D. US $462,500
Answer: C
Explanation:
The value added is the difference between the value of the output and the value of the purchased inputs. Value-added tax payable equals the value-added tax rate times value added, or US $587,500 [($2,500,000 $150,000) x .25].


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