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