Munir is a lawyer and legal advisor who works through his office in Nablus and resides in the city of Al-Bireh, and is tasked with submitting the tax return for the year 2019 to the Income Tax Department.

Munir is a lawyer and legal advisor

Income statement

For the year ending December 31, 2019

New shekel

Revenues -

Revenue from profession services 653,717

Salary income from a local human rights organization 78,524

Income from dividends in a local public joint stock company 62,832

Total revenue is 795,073

Expenses -

M. Salaries of 214,540 employees

M. Office rent is 39,000

M. Personal car 14,108

M. Telephone and communication 6,452

M. Professional fees and subscriptions 4,357

M. Stationery and prints 2,966

M. Computer software maintenance and subscriptions 2,196

M. Subscription fees to scientific journals and conferences 2,225

M. Depreciation of appliances, equipment and furniture 1,834

M. Municipal license and services 1,718

Total expenses 289,396

Net income 505,677

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If you also know that:

1 - Paying you an amount of two thousand US dollars (one dollar = 3.4 shekels) does not include value-added tax as fees on 3/31/2020 for preparing and submitting the tax return.

2 - Income tax advances paid in advance on May 28, 2019, amounting to 45,000.

3- Income tax deductions for salaries from the Human Rights Commission was deducted 4,725 new shekels for the year 2019.

Net income for income tax purposes

Answer

Income subject to tax calculation

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Income tax due for the year 2019

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Residual income tax for payment or refund

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