BACKGROUND

The company, North S.L., has the following information in the Balance Sheet and Profit and Loss Account for 2016, before calculating its Corporate Tax:

BALANCE SHEET ASSETS LIABILITIES 69.360,00 A) NON CURRENT ASSET A) NET EQUITY 105.130,00 4.860,00 1. Intangible asset A-1) Equity 60.000,00 4.860,00 1. R+D 1. Capital 60.000,00 4.860,00 201 DEVELOPMENT 1. Issued capital 60.000,00 64.500,00 II. Tangible Fixed Assets 100 SOCIAL CAPITAL 19.500,00 64.500,00 2. Technical facilities and others. III. Funds 12.000,00 52.000,00 213 MACHINERY 1. Legal y statuary 12.000,00 8.000,00 216 FURNITURE 112 LEGAL FUNDS 7.500,00 3.500,00 217 INFORMATION PROCESSING EQUIP. 2. Other funds 7.500,00 25.000,00 218 TRANSPORT 113 VOLUNTEER FUND 25.630,00 -24.000,00 281 CUMULATIVE DEPRECIATION VII. Result of the fiscal year 32.000,00 104.050,00 B) CURRENT ASSET B) NON-CURRENT LIABILITY 32.000,00 20.500,00 II. Stock II. Long-term debts 32.000,00 20.500,00 1. Commercial 5. Other financial liabilities 32.000,00 20.500,00 300 GOODS 171 LONG-TERM DEBTS 36.280,00 16.250,00 III. Debtors C) CURRENT LIABILITY 6.100,00 11.850,00 1. Clients (sales and services) III. Short-term debts 6.100,00 11.850,00 b) Clients (sales and services) short-term 5. Other financial liabilities 6.100,00 14.300,00 430 CLIENTS 523 SUPPLIERS 30.180,00 1.800,00 431 CLIENTS, COMMERCIAL PURPOSE V. Creditors 11.200,00 -4.250,00 490 VALUE IMPAIRMENT 1. Suppliers 11.200,00 4.400,00 6. Other credits with Public Adminis. b) Short-term suppliers 11.200,00 4.400,00 473 PUBLIC FINANCES, WITHOLDINGS 400 SUPPLIERS 18.980,00 67.300,00 VII. Cash 3. Different Creditors 18.980,00 67.300,00 1. Treasury 410 Creditors 105.130,00 2.200,00 570 CASH FLOW, EUROS 65.100,00 572 BANKS AND CREDIT INSTITUTIONS 173.410,00 T OTAL ASSETS TOTAL NET EQUITY AND LIABILITIES 173.410,00

LOSS AND PROFIT ACCOUNT 1. Net revenue 204.300,00 700 SALES OF GOODS 200.000,00 705 PROVISION OF SERVICES 5.500,00 708 SALES RETURNS -1.200,00 4. Supplies -69.800,00 600 PURCHASE OF GOODS -72.450,00 610 CHANGE IN INVENTORY 2.650,00 6. Staff costs -75.170,00 640 WAGES AND SALARIES -56.800,00 642 SOCIAL SECURITY -16.470,00 649 OTHER SOCIAL EXPENSES -1.900,00 7. Other operating costs -19.850,00 626 BANK SERVICES -700,00 627 ADVERTISING AND PR -3.600,00 628 SUPPLIES -3.800,00 629 OTHER SERVICES -7.100,00 631 OTHER TAXES -400,00 694 IMPAIRMENT LOSSES -4.250,00 8. Depreciation - 13.950,00 681 DEPRECIATION - 13.950,00 12. Other out comes - 600,00 678 EXTRA COSTS - 600,00 A) ACTIVITY OUTCOME 24.930,00 13. Financial income 700,00 b) Other financial income 700,00 769 OTHER FINANCIAL INCOME 700,00 B) FINANCIAL OUTCOME 700,00 C) INCOME BEFORE TAXES 25.630,00 D) FISCAL YEAR OUTCOME 25.630,00

The machinery was acquired for 52,000 in January 2014. An accounting depreciation expense of 7,000 is provided. Fiscally a maximum amortisation coefficient of 12% and a maximum period of 18 years is established.

The transport element or vehicle was acquired on January 1, 2013, with a price of 25,000 and a useful life of 5 years. The accounting amortisation is carried out using the method of decreasing digit numbers.

Provision of 1,250 is provided for a debt that occurs on October 1, 2016. The liability has not been claimed judicially.

A provision for insolvencies of 3,000 is provided, an obligation that has already been judicially claimed.

The administrators have been paid for the performance of senior management functions with 10,000.

An administrative penalty of 600 has been imposed on the company.

The company has paid the posters for a sports conference for its employees. This serves to advertise their products and services and has cost 1,200. The company gave the customers who attended the event a batch of products worth 2,200. Extraordinarily, he has given his employees an assortment of products worth 400.

The company is entitled to a deduction for having made investments affected to R & D of 1,200.

The company has made instalment payments of 4,400.

Calculate the liquidation of the Corporate Tax in a word document, using the following scheme.:

Calculate the liquidation of the Corporate Tax in a word document, using the following scheme Accounting result +/- Permanent differences +/- Temporal differences - Set-off for tax bases from previous tax years. Tax Base X tax rate Full quota - Tax deductions, bonuses and other withholdings Net quota - Withholdings and part payments Tax difference