Question
QUESTION 1 The following information has been provided for the year ended 31 December 2022 Depreciation for Accounting purposes Machinery R16 000 Equipment R27 500
QUESTION 1
The following information has been provided for the year ended 31 December 2022
Depreciation for Accounting purposes
Machinery R16 000
Equipment R27 500
Wear and Tear
Machinery R25 000
Equipment R30 000
Dividends received R35 000
Revenue received in advance R26 000 (2022)
Revenue received in advance R18 000 (2021)
Profit before tax is R300 000 after taking the above figures into account. Assume a tax rate of 28%
Required.
CALCULATE the current tax for the year ended 31 December 2022
Show the calculations
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Audit In The Mental Health Service
Authors: Firth-Cozens Jenny
1st Edition
0863773117, 978-0863773112
