The income tax information which is related to the National Trading Company for the year 2020 was as follows: gross income from commercial activity is JD 240,000, gross income from buildings (rent revenue) is JD 60,000, allowable expenses of the company are JD 180,000, building and land tax (Al-Musakfat) is JD 6,000.

1-      The taxable income for the year 2020 is:  ABCD

A-    200,000

B-    160,000

C-    120,000

D-    None of the above

2-      The tax due before offsetting Al-Musakfat for the year 2020 is:  ABCD

A-    20,000

B-    32,000

C-    16,000

D-    None of the above

3-      The amount of building and land tax (Al-Musakfat) that is deducted for the year 2020 is:  ABCD

A-    4,800

B-    3,200

C-    16,00

D-    None of the above

4-      The balance of income tax due after offsetting Al-Musakfat for the year 2020 is:  ABCD

A-    14,800

B-    16,000

C-    19,200

D-    None of the above