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If the taxable income (loss) before LCF from 2016 until 2027 as following each year: -30,000 -21,000 -15,000 9,000 6,000 9,000 12,000 225,000 150,000 -30,000
If the taxable income (loss) before LCF from 2016 until 2027 as following each year:
-30,000
-21,000
-15,000
9,000
6,000
9,000
12,000
225,000
150,000
-30,000
90,000
240,000
in both case has tax temporary exemption for the first five years and when has no exemption.
Find the following for each year:
LCF
TI after LCF
Tax due if (15% tax rate)
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