Calculate thetaxable income and current tax liabilityfor ASA Ltd.:

• Accounting profit(loss)- ($13,000)
• Taxdepreciationfor plant - $1,250
• Allocation for annual leave -$0
• Annual leave paid during the year - $1,150
• Accountingdepreciationexpense for plant - $3,250
• Fines and Penalty - $ 5,200

The corporate tax is 30%.

Select one:

a.(12,150) - 0

b.(6,950) - 0

c.20,200 - 6,060

d.(12,150) - (3,645)

e.15,000 - 4,500