Company BettyBoop SRL, a small microenterprise, asks you to compute its income tax payable by for the year 2019. The trial balance is shown below. The exchange rate was 5 lei/euro as at 31.12.2018. The company had 2 employees/quarter.

In the first quarter, the company bought a number of cash registers 20,000 lei.

From 2016 when it was a profit tax payer, the company reported a fiscal loss of 150,000 lei. In 2017, when it became a microenterprise, the company reported an accounting loss of 30,000 lei.

Amounts are presented for EACH quarter separately.

	Q1	Q2
Sales of goods	1,980,000	1,800,000
Sales of services	216,000	540,000
Account 709 (debit side)	-22,500	-31,500
Inventory variation (account 711)	81,000	36,000
Reversal of impairment for fixed assets	9,000	54,000
Income from interest	432,000	274,500
Total revenue	2,695,500	2,673,000
Cost of goods and services sold	2,412,000	1,608,000
Salary expense	270,000	270,000
Social expenses	8,000	0
Protocol expense	3,000	0
Sponsorship	18,000	0
Total expenses	2,711,000	1,878,000
Accounting profit/loss	-15,500	795,000

Compute the tax payable for the first quarter.

Compute the tax payable for the second quarter.

Explain briefly when it is better off for a company to pay income tax and not profit tax.

THis is under romanian taxation