Taxation 3A (1)

Please calculate/prepare the Taxable Income for Compute Golden Glow for the year ended 28 February 2023 NB: Ignore VAT

Golden glow (Pty) Ltd is a retailer of industrial machinery. The machinery sold by Golden glow (Pty) Ltd is purchased from Golden glow (Pty) Ltd is a retailer of industrial machinery. The machinery sold by Golden glow (Pty) Ltd is purchased from local manufacturers. In recent years, Golden glow has also started manufacturing machines for the retail market. Golden glow has two retail outlets: one in Durban and one in Johannesburg. The manufacturing operation as well as bulk storage of stock is housed in a building in Johannesburg. The following information is provided for the year ended 28 February 2023. Compute Golden glow (Pty) Ltd's taxable income for the year ended 28 February 2023 (30 Marks) NB: Ignore VAT