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Jane wrote a book for which she received Royalty income in 2016. The following breakdown is as follows: Royalty Income - S$52,520 Related Expenses
Jane wrote a book for which she received Royalty income in 2016. The following breakdown is as follows:
Royalty Income - S$52,520
Related Expenses Incurred - NIL
Printing and Stationary - S$15,500 Advertisement and Publicity - S$8,600
Legal Fees - S$2,480
Compute Jane's tax liabilities for the Royalty income.
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Financial Reporting and Analysis
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
6th edition
9780077632182, 78025672, 77632184, 978-0078025679
