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The following information was taken from the financial statements of Tree Ltd for the year ended 30 June 20X2. Included in the Statement of Profit
The following information was taken from the financial statements of Tree Ltd for the year ended 30 June 20X2.
Included in the Statement of Profit or Loss and Other Comprehensive Income was Income Tax Expense of $695,000
An extract from the draft Statement of Financial Position for the company is as follows:
Deferred tax assets
30 June 20X1 200,000
30 June 20X2 300,000
Current tax payable
30 June 20X1 88,000
30 June 20X2 62,000
Required:
Write in the box below the amount of tax paid by Tree Ltd during the year ended 30 June 20X2.
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