Lecture notes
Lecture 2 Computation and payment of income tax
- Module
- Taxation (ACC3140)
- Institution
- Middlesex University (MDX)
· Distinguish between income and capital. · Provide examples of non-taxable income. · Set out an income tax computation in the standard format. · Demonstrate how tax relief is obtained for charitable contributions. · Compute taxable income. · Apply the correct tax rates to non-...
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