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If the Entity A's pre-tax period in its interim financial statements (for the six month ended 30 June) is CU 400,000. It expects to earn
If the Entity A's pre-tax period in its interim financial statements (for the six month ended 30 June) is CU 400,000. It expects to earn an annual pre-tax profit of CU 650,000 due to its seasonal business. Entity A's jurisdiction applies a tax rate of 20% for earnings below CU 500,000. A tax rate of 30% is applied to all earnings above this amount
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