15748952
TAX2601 – Assessment 5
Taxable income 9,760,000.00
Less:
Salaries 832,000.00 Business employees
Pension 82,000.00 Business employees
PAYE 267,000.00 Business employees
Add:
Legal fees:
Transfer duty 111,100.00 Legal fees
transfer cost 62,000.00 Legal fees
incur cost 120,000.00 Legal fees
Damages 100,000.00 Repairs
insurer 75,000.00 Repairs
Import duties -
Insurace -
Patents @5% 14,250.00
Trafic fines -
Rent 300,000.00
Donation @20% 4,000.00
9,365,350.00
Add/(Less) capitalprofit/(loss) @ 80%: 80,000.00
Deduction allow carried forward 52,000.00
Taxable income 9,497,350.00
TAX2601 – Assessment 5
Taxable income 9,760,000.00
Less:
Salaries 832,000.00 Business employees
Pension 82,000.00 Business employees
PAYE 267,000.00 Business employees
Add:
Legal fees:
Transfer duty 111,100.00 Legal fees
transfer cost 62,000.00 Legal fees
incur cost 120,000.00 Legal fees
Damages 100,000.00 Repairs
insurer 75,000.00 Repairs
Import duties -
Insurace -
Patents @5% 14,250.00
Trafic fines -
Rent 300,000.00
Donation @20% 4,000.00
9,365,350.00
Add/(Less) capitalprofit/(loss) @ 80%: 80,000.00
Deduction allow carried forward 52,000.00
Taxable income 9,497,350.00