Knowledge Base

← Fundamentals of Accounting and Finance

Questions

What mechanism reduces the tax for modest taxpayers whose gross tax liability is low?

The family quotient
The tax reduction mechanism (decote)
The family charge allowance
The annual adjustment of the tax schedule

What mechanism reduces the taxable base of the primary residence for the IFI?

A 10% allowance
A 30% allowance
A total exemption
A partial exemption of 75%

What is the maximum marginal rate of personal income tax for 2024 income declared in 2025?

30%
41%
45%
55%

What is the first bracket of the personal income tax schedule for 2024 income declared in 2025?

Up to 11,497 euros per share, rate of 0%
From 11,498 euros to 29,315 euros, rate of 11%
From 29,316 euros to 83,823 euros, rate of 30%
From 83,824 euros to 180,294 euros, rate of 41%

The IFI applies to all real estate and movable assets of a taxpayer.

True
False

The family quotient always increases the amount of tax payable.

True
False

IFI liability threshold

Click to see answer

Categorize items by dragging them to the appropriate zones

Items to categorize:

Gross global income
Net taxable real estate assets
Family quotient
Progressive schedule with five brackets
Categories:

Personal income tax

IFI