Jane is an approved farmer and for year of assessment 2011 she made a loss...
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Accounting
- Jane is an approved farmer and for year of assessment 2011 she made a loss of $100,000. In 2012 and 2013 her profits were $240,000 and $50,000 respectively. Jane also owns and runs a shop which has made a taxable profit of $80,000 each year.
Required:
- Calculate the income tax payable for each year under the old regime?
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