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Company C has a year - end of 3 1 Dec. For the year ended 3 1 Dec 2 0 1 8 , it had

Company C has a year-end of 31 Dec. For the year ended 31 Dec 2018, it had a netprofit of USD 15,000,000. While the chargeable income for USD 8,000.000.00 Duringthe year 2019, the company file the following APS:Details Amount(USD)1st quarter 150,000.002nd quarter 250,000.003rd quarter 275,000.00The net profit for the year 31 Dec 2019 is USD 20,000,000.00 and the chargeableincome is USD 10,000,000.00 REQUIRED Calculate the total amount payable under the corporate tax for the year ended 31 Dec2019.

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