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Burger Prince Pty Ltd ( BP ) is a resident private company. 2 0 2 3 was the first year of operation.During the 2 0

Burger Prince Pty Ltd (BP) is a resident private company. 2023 was the first year of operation.During the 2023 income year, BP recorded an accounting profit of $500,000Included in the financial statements were the following:Fines and penalties $25,000Fully Franked Dividends from listed companies $35,000 Calculate the taxable income of Burger Prince Pty Ltd for the 2023 income year.Question 4Select one:$540,000$510,000$575,000$490,000

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