Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. b ltd had a profit before tax of 100,000 for 2016

B Ltd had a profit before tax of 100,000 for 2016 year end, it included...

90.2K

Verified Solution

Question

Accounting

B Ltd had a profit before tax of 100,000 for 2016 year end, it included the following: Dividend Income(not taxable) of 40,000 Donations (non deductible) of 30,000

Tax rate is 30%

Explain how current tax will be estimated

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

Xenon Corp. makes three products in a single facility. These products have the following unit product...

Chemistry
1.2K views

How many moles of H2 and N2 can be formed by the decomposition of 2.56 mol...

Electrical Engineering
1.2K views

The following are examples of intrinsic value except: Aesthetic Value. Epistemic Value. Instrumental Value. Spiritual Value. QUESTION A theory that the...

Biology
1.2K views

the nucleic acid of the bacteriophage is replicated by:Host cell DNA polymerasehost cell RNA polymeraseNA...

Biology
1.2K views

The sodium potassium ATPase hydrolyzes an ATP molecule to activate the pump Which component of...

Biology
1.2K views

For each of the four major biomolecules identify the name and structure of its monomer...

Basic Math
1.2K views

Consider the proposition over Z2 given by g x y x y x y That...

Accounting
1.2K views

Exercise 6-5 page 234 Managerial Accounting Fifth Edition Rey Company's single product sells at a...

Accounting
1.2K views

The following is a portion of the condensed income statement for Rowan, Inc., a manufacturer...

Accounting
1.2K views

Auditing . its one question please check both photos for...

Accounting
1.2K views

Prepare a Debtors Collection Schedule 1. The bank balance on 28 February 2024 is expected...

Accounting
1.2K views

Grand River Corporation reported taxable income of $400,000 in 20X3 and paid federal income taxes...