Question
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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