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Hail Traders dealing in import and export of Commercial goods and services made the following profit and loss in the previous 7 years: Year ending

Hail Traders dealing in import and export of Commercial goods and services made the following profit and loss in the previous 7 years:

Year ending Dec 2019 RO. 20000

Year ending Dec 2018 RO. 25000 (Loss)

Year ending Dec 2017 RO. 60000

Year ending Dec 2016 RO. 80000

Year ending Dec 2015 RO. 20000

Year ending Dec 2014 RO. 56000 (Loss)

Year ending Dec 2013 RO. 30000 (Loss)

Calculate the total tax liability of this firm for all seven years taking tax rate as 15%.

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