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The following information relates to Newtown Limited for the year ended 30 June 2015. ...

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Accounting

The following information relates to Newtown Limited for the year ended 30 June 2015.
Accounting profit before income tax (after all expenses have been included) $250000.
Fines and penalties (not tax deductible) $ 11000.
Depreciation of plant (accounting) $40000.
Depreciation of plant (tax) $ 90000.
Long-service leave expense (not a tax deduction until the leave is paid) $24000.
Income tax rate 30%.
No employee has been paid long-service leave in the current year. On the basis of this information the current tax liability is:

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