The first question: (10 marks), answer all of the following sections:

The first branch: (4 marks) The Mannai Industrial Company exports part of its production outside the Kingdom, and the following is the tax-adjusted income list of the company as on December 31, 2019. If you know that the total export sales amounted to 220,000 dinars and the export sales allowances amount to 5,000 dinars and the export costs are 150,000 Dinar.

Required: Calculate the following, explaining the method of calculation. (Sign for each required)

1- The share of export sales from the taxable expenses.

2- Net income from export exempt from tax.

3- Taxable income after deducting the exemption.

4- Income tax due.

Net sales of 860,000

Cost of sales (cost of goods sold) (760,000)

Gross Profit ------------

Less: Marketing and selling expenses (taxable) (40,000)

Take down: General and administrative expenses (tax acceptable) (20,000)

Taxable income before downloading the export exemption ----