Compute income tax of the company for ten years? Explain all steps .

in 2002, a company issues 100 $1 ordinary shares on incorporation to 3 shareholders who are all directors and employees of the company. The shares are allocated as 35, 35 and 30. The 2 with 35% each. 

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Here are the steps to calculate the income tax for the company over 10 years 1 In... View the full answer