Langa Limited, with no expenses and no other income other than rent income received the following cash
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Question:
Received in 2015: rent income of R10 000 in respect of 2016 Received in 2016: rent income of R10 000 in respect of 2016 Tax rate for Langa Limited’s bracket is constant at 30% over both years.
Required:
3.1 Calculate the profit before tax, as it would appear in the statement of comprehensive income.
3.2 Calculate the taxable profit and current taxation for 2015 and 2016.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: