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Swiss Co has a tax liability of $16,000 relating to 2016, which was brought forward in 2017. This liability is assessed at $18,500, which was

Swiss Co has a tax liability of $16,000 relating to 2016, which was brought forward in 2017. This liability is assessed at $18,500, which was paid in 2017. Swiss's accountant estimates their tax liability for profits earned in 2017 will be $20,000. What should the charge for taxation be in Swiss's statement of profit or loss (SPL) for the year ending December 31st, 2017? SELECT ONLY ONE $15,000 $17,500 $20,000 $22,500

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