At year end 31st December 2022 Auto Ltd has profits before tax of $700,000 after...
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Accounting
At year end 31st December 2022 Auto Ltd has profits before tax of $700,000 after charging the following:
$
Depreciation 50,000
Interest expense 200,000
Interest income (gross) (80,000)
Additional information:
The interest payable at 31st December 2021 was $40,000 and at 31st December 2022 was $50,000. Gross interest receivable at 31st December 2022 was $20,000 and 31st December 2021 was $30,000.
Calculate the Tax liability in Jamaica for 2014.
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