43 Sales A manufacturing company has the following payments, sales, expenses and depreciation: Manufacturing company 1....
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43 Sales A manufacturing company has the following payments, sales, expenses and depreciation: Manufacturing company 1. Cost of goods sold 2. 3. I acquisition of vehicles increase of company's capital 4. training of the staff 5. Interest paid 5% 6. increase in the special reserves 7. Penalties, fines 8. payment of the VAT 9. Representation expenses 10. Personal consumption expenditures 11. On sponsorships 12. Per diems 13. Depreciation BUILDING (NBV 700,000) 14. Depreciation Computer (NBV 200,000) 15. Depreciation Vehicles (NBV 150,000) 16. Amortization Software (NBV 10,000) ALL ALL ALL ALL ALL ALL ALL ALL ALL ALL ALL ALL ALL ALL ALL ALL ALL 1,285,000.00 771,000.00 10,000.00 300,000.00 15,000.00 5,900.00 78,200.00 100,000.00 500,000.00 53,855.00 36,000.00 5,000.00 91,000.00 40,000.00 50,000.00 30,000.00 1,500.00 12-month average interest rate on credit for the banking market, as published by Bank of Albania is 5%. Calculate the Profit before tax, nondeductible expenses, Income tax expense, Profit/Loss of the company as for management report. 43 Sales A manufacturing company has the following payments, sales, expenses and depreciation: Manufacturing company 1. Cost of goods sold 2. 3. I acquisition of vehicles increase of company's capital 4. training of the staff 5. Interest paid 5% 6. increase in the special reserves 7. Penalties, fines 8. payment of the VAT 9. Representation expenses 10. Personal consumption expenditures 11. On sponsorships 12. Per diems 13. Depreciation BUILDING (NBV 700,000) 14. Depreciation Computer (NBV 200,000) 15. Depreciation Vehicles (NBV 150,000) 16. Amortization Software (NBV 10,000) ALL ALL ALL ALL ALL ALL ALL ALL ALL ALL ALL ALL ALL ALL ALL ALL ALL 1,285,000.00 771,000.00 10,000.00 300,000.00 15,000.00 5,900.00 78,200.00 100,000.00 500,000.00 53,855.00 36,000.00 5,000.00 91,000.00 40,000.00 50,000.00 30,000.00 1,500.00 12-month average interest rate on credit for the banking market, as published by Bank of Albania is 5%. Calculate the Profit before tax, nondeductible expenses, Income tax expense, Profit/Loss of the company as for management report.
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Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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