You have the following information regarding taxation for Brain and Co. a software house: Required: Calculate tax
Question:
You have the following information regarding taxation for Brain and Co. a software house:
Required:
Calculate tax paid.
Transcribed Image Text:
Income Statement (Extract) Statement of Financial Position (Extracts) From Year to 31 December 2012 as at 31 December 2011 2012 Profit before Taxation 106,508 Current Liabilities Taxation (51,638) Tax payable 50,320 65,873 Profit for year 54,870
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