Question
Jamal uses his own vehicle to complete his company work. During the taxable year he derived 23,000 km and the company paid for him 0.50
Jamal uses his own vehicle to complete his company work. During the taxable year he derived 23,000 km and the company paid for him 0.50 per km.
Instruction: Calculate the total Allowable deduction in his income for the tax year, if the statutory approved allowance as the following:
- 0km-5,000km 0.35
- 5,001km 10,000km 0.55
- 10,001km 20,000km 0.57
- 20,001km and more 0.6
Jamal uses his own vehicle to complete his company work. During the taxable year he derived 23,000 km and the company paid for him 0.50 per km.
Instruction: Calculate the total Allowable deduction in his income for the tax year, if the statutory approved allowance as the following:
- 0km-5,000km 0.35
- 5,001km 10,000km 0.55
- 10,001km 20,000km 0.57
- 20,001km and more 0.6
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Managerial Accounting Decision Making and Motivating Performance
Authors: Srikant M. Datar, Madhav V. Rajan
1st edition
132816245, 9780132816243, 978-0137024872
