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Exercise 6: The business situation of a company in the taxation period is as follows: (unit: million dong) 1. The total revenue: 5,000 2. The

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Exercise 6: The business situation of a company in the taxation period is as follows: (unit: million dong) 1. The total revenue: 5,000 2. The expenses: - Cost of wages and salaries: 850 ; - Buying life insuarance for employees: 50 - Expenses for construction of gratitude houses under the program of the Ministry of Labor, War Invalids and Social Affairs: 300 - Cost of costume in kind for the employees: 300 (there are 50 employees) - Interest payments on loans: (borrowing 500 million from a commercial bank at the interest rate of 16% per year; borrowing 300 million from employees at the interest rate of 18% per year) - Fines for violations of the law on labor use: 10 - Expenditures for waste water treatment: 100 - The VAT-exclusive price of raw materials purchased: 900. - Depreciation of fixed assets: 50 . - Creditable input VAT amount: 5 - The VAT-inclusive price of outside services: 88 - License fee: 5 - Tax on Non-agricultural land use: 20 3. Other Income from transfer of assets: 30 "Calculate the payable VAT amount with the tax rate of 10% ? b) Calculate the EIT, assuming that: the tax rate of EIT is 20%, basic interest rate of the central bank is 10%, The company has contributed sufficient capital. Life insurance is not included in the labor contract

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