A taxpayer owns and rents some acres of agricultural land as follows during 2021: marks) Characteristics...

 

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A taxpayer owns and rents some acres of agricultural land as follows during 2021: marks) Characteristics Acres Owns 15 acres 10 Rents Owns Rents Owns Owns acres 12 acres 8 acres 4 acres Crops Ordinary crops Fruit garden Medical plants Ordinary crops Nursery plant for sale 30 Productive desert acres land since 2015 (10 Rental Value & tax Land Rental Value L.E 300 per acre Land tax L.E 63 per acre. Land tax L.E 49 per acre. Total rental value L.E 5000 Rental value L.E 500 per acre Total land tax L.E 2100 Required: Determine tax bracket on March 2021 for revenues of real estate wealth in accordance of tax law 91/2005 A taxpayer owns and rents some acres of agricultural land as follows during 2021: marks) Characteristics Acres Owns 15 acres 10 Rents Owns Rents Owns Owns acres 12 acres 8 acres 4 acres Crops Ordinary crops Fruit garden Medical plants Ordinary crops Nursery plant for sale 30 Productive desert acres land since 2015 (10 Rental Value & tax Land Rental Value L.E 300 per acre Land tax L.E 63 per acre. Land tax L.E 49 per acre. Total rental value L.E 5000 Rental value L.E 500 per acre Total land tax L.E 2100 Required: Determine tax bracket on March 2021 for revenues of real estate wealth in accordance of tax law 91/2005

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According to the information provided Total rental value from ren... View the full answer