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Le Coco (Pty) Ltd is not a small business corporation as defined. Its year of assessment ends on31 January 2022 and its records show the
Le Coco (Pty) Ltd is not a small business corporation as defined. Its year of assessment ends on31 January 2022 and its records show the following: Tax year Taxable income Date of assessment 2019 R775 100 11 January 2020 2020 R702 130 21 July 2021 2021 R678 000 30 October 2021 2022 R748 400 (estimated not yet assessed) REQUIRED: MARKS Calculate the first and second provisional tax payments for the 2022 year of assessment for Le Coco (Pty) Ltd. Briefly explain why you selected the basic amount for each of the provisional tax payments and clearly state by which date the payments must be made
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