Kaato Mining Company Ltd (Kaato) has been operating in the mining sector for some time now. The following data is relevant to the company's operations for 2017 year of assessment. Adjusted profit GH100,000,000 The following additional information is relevant: (i) Financial cost of GH900,000 inclusive interest on working capital loan of GH20,000 was adjusted in arriving at the adjusted profit. (ii) Financial gain from derivatives of GH600,000 was adjusted in arriving at the adjusted profit above. (iii) Depreciation of GH125,000 was adjusted to the profit above. (iv) Written down value brought forward from 2016 after 1 year capital allowance was granted stood at GH1,000,000. This was accordingly certified by the Audit Unit of the Ghana Revenue Authority. (v) Mineral Royalty GH60,000,000 was not calculated for 2017. Compute the taxes payable. A. GH14,054,350 B. GH14,054,200 C. GH14,054,255 D. GH14,054,250

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To compute the taxes payable we need to adjust the adjusted profit by adding back the expenses that ... View the full answer