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The income tax payable of HIMEJIMA for 2021 income tax return is? HIMEJIMA Industries sells construction materials for over 20 years. For the year ended
The income tax payable of HIMEJIMA for 2021 income tax return is? HIMEJIMA Industries sells construction materials for over 20 years. For the year ended December 31, 2021, HIMEJIMA Industries reported the following items on its income tax returns and its corporate books: Revenue from goods 20,000,000 Cost of goods sold 1,000,000 Operating expenses 18,500,000 It was noted that there are no permanent or temporary differences. The income tax rate is 25%, while the MCIT rate is 1%. a. 125,000 b. 190,000 C. 65,000 d. NIL. HIMEJIMA is nontaxable
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