The company in 2022 according to accounting data received the following types of income (exclusive VAT):
Question:
The company in 2022 according to accounting data received the following types of income (exclusive VAT):
• From the sale of the goods – 150,000 thousand tenge;
• Interest/ Remuneration received on granted loans – 700 thousand tenge;
• Foreign exchange income – 120 thousand tenge;
• In 2022, a truck worth 1,750 thousands tenge as per transfer certificate was received free of charge.
• Unclaimed accounts payable with the expired limitation period in the amount of 200 thousand tenge were written off.
• In December 2022 the company provided discount to loyal customers on goods sold during 2022 in the total amount of 1,000 thousand tenge.
What amount of total annual income should the company report in its declaration for 2022?
Introduction To Federal Income Taxation In Canada
ISBN: 9781554965021
33rd Edition
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett