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Company Squeeze pay profit tax by using the anticipatory profit tax system. Knowing the following information, compute the profit tax payable for the first quarter
Company Squeeze pay profit tax by using the anticipatory profit tax system. Knowing the following information, compute the profit tax payable for the first quarter of 2020:
Profit 2019 70,000
Revenues Q1 2020 50,000
Expenses Q1 2020 10,000
Inflation rate 106%
Choose an option:
a). 6,400
b) 6,784 lei
c) 17,500 lei
d) 18,550 lei
This is under romanian taxation
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