The profit before tax of a company amounted to R1 200 000 for the year ended 31 December 2020. This profit includes a capital profit of R95 000. The taxable capital gain was calculated at R76 000. Assume an income tax rate of 28%.

Based on the above information, the income tax expense of a company calculated for the year ended 31 December 2020 amounts to:

		R309 400
		None of the supplied answers.
		R330 680
		R314 720