IKL operates in the tax jurisdiction of J-land where the currency is the J$. J-land disallows entertainment costs, political donations and rental income for tax purposes. The accounting profit for the current year is J$50,000 and the current tax rate is 20%. The accounting profit for the current year includes the following: Rental income J$12,000. Entertaining costs J$8,000. Political donations J$7,000. Calculate the taxable profit for the current year