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Prepare a current tax worksheet (5 MARKS) You are required to account for income tax for the year ending 30 June 2023. Relevant information

 

Prepare a current tax worksheet (5 MARKS) You are required to account for income tax for the year ending 30 June 2023. Relevant information is as follows: Accounting profit before tax $ 300,000 Annual leave expense Annual leave paid $ 10,000 $ 15,000 Depreciation expense $ 20,000 Depreciation allowed for tax $ 35,000 Corporate tax rate 30%

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