The profit before tax of a company amounted to R950 000 for the year ended 31 December 2020. This profit includes a fine of R30 000 as well as a capital profit, of which the exempt capital profit is R80 000. Assume an income tax rate of 28% and a dividend tax rate of 20%.

In preparing the income tax expense note of a company for the year ended 31 December 2020, choose the information to be included in calculating the tax effects of section of the note. Choose 3 correct answers:

		Add non-deductible fine R30 000
		Profit for the year R950 000
		Less exempt capital profit R80 000
		Profit before tax R950 000
		Add non-deductible fine R8 400
		Less non-deductible fine R30 000
		Less non-deductible fine R8 400
		Profit before tax R266 000
		Add exempt capital profit R80 000
		Add exempt capital profit R22 400
		Less exempt capital profit R22 400
		Profit for the year R266 000