Big tiger insurance Ltd presented the following information relating to its general insurance business for the year
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Question:
Big tiger insurance Ltd presented the following information relating to its general insurance business for the year 2022
Premiums received. 7,610,000
Premiums returned to policyholders 847,000 Premiums received on reinsurance Contracts 656,000 Premiums receivable b/d - 112,000
Premiums receivable c/d 133,000
Bonus utilised in reduction of Premiums 64,000 Premiums transferred on re insurance 107,000
Required: Calculate the maximum amount of allowed management expenses for the company
Related Book For
Taxation Of Individuals And Business Entities 2015
ISBN: 9780077862367
6th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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