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ITA: 157,162,163,163.1 Ruffle Limited, a public company, specializes in the games business. For their fiscal year ended October 31, 2020, the company's tax liability was
ITA: 157,162,163,163.1 Ruffle Limited, a public company, specializes in the games business. For their fiscal year ended October 31, 2020, the company's tax liability was $1,054,024. Due to the success of the board game, Run About, the company's bottom line has increased significantly, resulting in a tax liability of $1,069,036 for the fiscal period ended October 31,2021. Ruffle Limited's climb to success came to a halt in the next fiscal year. Due to increased competition, profits are expected to decline and the controller of Ruffle Limited estimates the tax payable for the fiscal period ending October 31,2022 to be $1,045,000. The controller has asked you, his tax accountant, to provide him with required instalments for the 2022 taxation year
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