to turn out a few hundred cars a year.
to cut the production of his cars by 50％.
to reduce the price of his cars to $260.
第1题：
3 Damian is the finance director of Linden Limited, a medium sized, unquoted, UK trading company, with a 31 July
year end. Damian personally owns 10% of the ordinary issued share capital of Linden Limited, for which he paid
￡10,000 in June 1998. He estimates that the current market value of Linden Limited is ￡9 million and that the
company will make taxable profits of ￡1·4 million in the forthcoming year to 31 July 2007.
(a) Damian believes that Linden Limited should conduct its activities in a socially responsible manner and to this
end has proposed that in future all cars purchased by the company should be low emission vehicles. The sales
director has stated that several of his staff, who are the main recipients of company cars, other than the directors,
are extremely unhappy with this proposal, perceiving it as downgrading their value and status.
The cars currently provided to the sales staff have a list price of ￡19,600, on which Linden Limited receives a
bulk purchase discount of 6% from the dealer, and a CO2 emission rate of 168 grams/kilometre. The company
pays for up to ￡400 of accessories, of the salesmen’s own choice to be fitted to the cars and all of the running
costs, including private petrol. The cars are replaced every three years and the ‘old’ cars are sold at auction,
because they are high mileage vehicles.
The low emission cars it is proposed to purchase will have the same list price as the current cars, but the dealer
is only prepared to offer a bulk discount of 5% on these vehicles. Damian does not propose to make any other
changes to Linden Limited’s company car policy or practice.
Required:
(i) Explain the tax consequences of the proposed move to low emission vehicles for both the individual
salesmen and Linden Limited, illustrating your answer by means of relevant calculations of the tax and
national insurance (NIC) savings arising. (9 marks)
第2题：
III阅读理解（20分）
A
There are many different kinds of cars in the world． My uncle thinks this is because cars are like their drivers． He says: "Rich people have expensive cars，big people have large cars，and old people drive old cars． "But I don-t agree with him．
My neighbor，Mrs Hill，is 82 years old． She drives only to the bank on Tuesdays． She never drives more than 30 kilometers an hour． Do you think Mrs Hill has a very old and small car? No! Her car is new．lt-s very large，and it can g0 200 kilometers an hour!
My friend Mike is an artist． He draws beautiful pictures with lots of colors． But his car is black! Mrs Bates has a very，very old car．lt often has engine trouble． Does she drive that kind of car because she is poor? No，she has four factories and two million dollars in the bank． My aunt Mary has a very small car． Every Sunday，she．drives to the country with her husband，her three children，her mother and their dog．
Now，you have read about some people and their cars． Do you agree with my uncle? Maybe your family have cars． Do you want to say something about them?'
( )21． What does the writer-s uncle think of cars and their drivers?
A． Big people drive small cars．
B． Old people drive new cars．
C． Poor people have expensive cars．
D． Rich people have dear cars．
第3题：
If the ratio of brown cars to blue cars in a certain parking lot is 2:3, how many brown cars are in the lot?
(1) There are 15 blue cars in the lot.
(2) There are 25 cars total in the lot.
第4题：
第5题：
第6题：
A.applied
B.will apply
C.have applied
D.would have applied
第7题：
第8题：
None of us called the police when the two cars collided, ____?
A didn’t we B don’t we C did we D do we
第9题：
第10题：