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3. Oman engineers is carrying on professional activity. One partner is working on full-time basis and his salary as per contact is OMR 3000 per

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3. Oman engineers is carrying on professional activity. One partner is working on full-time basis and his salary as per contact is OMR 3000 per month. The company did not receive any bankruptcy certificate of any debtor. Particulars Amount Debtors Amount KR.O) (OMR) Sales 11,200,000 A 4000 Cost of Goods Sold 200,000 5000 Gross Profit 1,000,000 C 1700 Administrative expense80,000 TD 16500 Depreciation 117,500 Total 17200 Partner's Salary $6,000 Bad debts 17,200 Total of expense 183,250 Net Profit $16,750 Tax 122,513 Particular Book Value Depreciation Depreciation Value Truck 255000 15% 38250 Furniture 150000 15% 22500 Computers 45000 15% 6750 Land 500000 10% 50000 Total 945000 117500 Based on the above accounting information Calculate tax liability of the company (show all calculation in good form). (5 marks) 4. Daniel, a self-employed plumber, received the following income in 2018/2019: Building society interest 3,700 Dividends from a UK company 4,500 He paid allowable interest of 2,000 on 17 May 2018/2019

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