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The following information was taken from the financial statements of Simmental Ltd for the year ended 30 June 20X2. Included in the Statement of Profit

The following information was taken from the financial statements of Simmental Ltd for the year ended 30 June 20X2.

Included in the Statement of Profit or Loss:

  • Income Tax Expense of $80,000

An extract from the draft Statement of Financial Position for the company is as follows:

30 June 20X2

30 June 20X1

$

$

Deferred tax assets

31,000

15,000

Current tax payable

64,000

80,000

Required:

Write in the box below the amount of tax paid by Simmental Ltd during the year ended 30 June 20X2. Do not include any dollar signs, negative signs, brackets or spaces in your answer.

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