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this is taxation question kindly solve this as soon as possible.. Individual Tax Return Completion - Jordan Tax Code Learning Objective (LO): Prepare and complete
this is taxation question kindly solve this as soon as possible..
Individual Tax Return Completion - Jordan Tax Code Learning Objective (LO): Prepare and complete the Individual Tax Return (Self-Assessment Form) - under the Jordanian Tax Code (CLO3) Individual tax case: Assume that you are a Jordanian taxpayer. The following information available about your income for the year 2018: - Income from Industry: .Local sales gross JOD 395 600, Local sales return JOD 18400 . Export sales (net) JOD 45 100 d. Cost of production: raw-material inventory (11) JOD23 200, raw-material purchased JOD118800, raw-material (31\12) JOD12'300. Direct overhead costs: salaries and wages JOD57'400, Rent JOD 7'550, Depreciation JOD15'200 (in compliance with Tax Code). 1. Indirect overhead costs: JOD10'900 Goods under processing (1\1) JOD 8*200, (31\12) JOD 5 300 Finished goods: (1\1) JOD 14'900, (31/12) JOD 7'700 Income from Rented Properties: gross revenue JOD 16-400, Depreciation JOD 1'450, other expenses JOD 2'150. Income from Retirement: JOD S'650 Income from E-Commerce (online trade) Activities: JOD 3400 (net) Donations: for public school JOD 16'100, for handicapped children charity JOD 62000 Accumulated loss from previous year (accepted): JOD4'000 Deductible Property Tax: JOD 1'850 Required: Complete the Individual Tax Return for the year 2018 - assuming that, you are a Jordanian single resident taxpayer, and use your PSUT Student ID as the income tax file IDStep by Step Solution
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