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202 - 30th November 2021 Question 41 Answer saved Marked out of 2.00 The company...

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202 - 30th November 2021 Question 41 Answer saved Marked out of 2.00 The company tax rate prior to the budget speech was 28%. On 11 April 2020 the Minister of Finance announced that the tax rate for business entities will be reduced to 25% with effect from 01 July 2020. The financial statements of the business entity for the reporting date ended 28 February 2020 was finalized on 25 July 2020 Which of following tax rates should be applied when calculating the tax expense for the reporting date ended 28 February 2020? P Flag question a 28% for both current tax and deferred tax b.25% for both current tax and deferred tax C28% for current tax d. 28% for current tax and 25% for deferred tax Fini CLEAR MY CHOICE Tim

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