Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Mar 12, 2020

Acme pty ltd has determined that its assessable income for the year is $100000 and it has deductions of $30000. what is acme tax payable

Acme pty ltd has determined that its assessable income for the year is $100000 and it has deductions of $30000. what is acme tax payable for the 2018-19 income year? Assume that acme turnover is in excess of $50 million.

Step by Step Solution

★★★★★

3.43 Rating (127 Votes )

There are 3 Steps involved in it

Step: 1

income 100000 DEDUCTION 30... blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield

13th Edition

9780470374948, 470423684, 470374942, 978-0470423684

More Books

Students also viewed these Accounting questions

Question

★★★★★

The Doyle Trust reports distributable net income for the year of $100,000 and no income from tax-exempt sources. Under the terms of the trust instrument, the trustee must distribute $20,000 to Roger...

Answered: 1 week ago

Question

★★★★★

The net income for the year ended December 31, 2015, for Oliva Company was $1,900,000. Additional information is as follows: Depreciation on plant...

Answered: 1 week ago

Question

★★★★★

The mass of a solid cylinder shown is (2501) grams, with radius (r =10.50.01) mm and length of (l =20.50.01) mm. ( Note: the volume of the cylinder is V = r2h) a. Find the density of the cylinder...

Answered: 1 week ago

Question

★★★★★

Use Figure 17.2 to explain why cost minimization through a tangency between an isoquant and a budget line does not apply in cases where D and M are either perfect complements or perfect substitutes....

Answered: 1 week ago

Question

★★★★★

An oocyte is fertilized in the a. vagina. b. uterus. c. oviduct. d. ovary.

Answered: 1 week ago

Question

★★★★★

LO.3 In computing the AMT itemized deduction for interest, it is possible that some interest allowed for regular income tax purposes will not be allowed. Explain.

Answered: 1 week ago

Question

★★★★★

e. What are the programs research and clinical focus areas?

Answered: 1 week ago

Question

★★★★★

West Gorham High School is to be located at the population center of gravity of three communities: Westbrook, population 16,000; Scarborough, population 22,000; and Gorham, population 36,500....

Answered: 1 week ago

Question

★★★★★

Consider the relation R (A, B, C, D, E, F, G, H, 1) with the following functional dependencies: A, C-B, D, E, F, G A-B, E, G, H, 1 .BE C-D Does the relation Rin 3NF? If it does not, then convert it...

Answered: 1 week ago

Question

★★★★★

For her daughter's university education, Carla Hackl has invested an inheritance in a fund paying 9.2% compounded quarterly. If ordinary annuity payments of $4750.00 per month are to be made out of...

Answered: 1 week ago

Question

★★★★★

a . On June 1 , Steady Consulting signed a lease on electronic office equipment for three years. At the end of the lease Steady has the option to purchase the equipment for $ 1 . Lease payments are...

Answered: 1 week ago

Question

★★★★★

On average every 3 out of 12 telephones is found busy. 7 telephone numbers are selected at random. Find the probability that 6 of them will be busy.(Give your answer to 4 d.p)

Answered: 1 week ago

Question

★★★★★

Select a data collection method of your choice. Write a measurable and precise objective that can be measured through the method you selected. Then, provide the justification (e.g., pros and cons)...

Answered: 1 week ago

Question

★★★★★

Write an essay-type paper in which you summarize the rational-emotive model in your own words. Be sure to include the following elements: Brief general information about Albert Ellis. Definition of...

Answered: 1 week ago

Question

★★★★★

A friend has asked you to help him figure out a statement he received from his broker. It seems that that at the start of last year, your friend paid $900 for a bond and sold it at the end of the...

Answered: 1 week ago

Question

★★★★★

You are told that P(A) = 0.4, P(B) = 0.5 and P(A or B) = 0.68 What is the value of P(A and B)? Please provide your answer in decimal form or percentage form, correctly rounded to two decimal places.

Answered: 1 week ago

Question

★★★★★

Exercise 22-20 (Part Level Submission) Presented below is selected information for three regional divisions of Medina Company Divisions West North $301,000 $140,600 $937,333 South $399,300 $209,100...

Answered: 1 week ago

Question

★★★★★

Provide examples of a situations in which environmental disruptions affected consumer attitudes and buying behaviors.

Answered: 1 week ago

Question

★★★★★

Ottawa Corporation owns machinery that cost $20,000 when purchased on July 1, 2007. Depreciation has been recorded at a rate of $2,400 per year, resulting in a balance in accumulated Depreciation of...

Answered: 1 week ago

Question

★★★★★

Why is a preemptive right important?

Answered: 1 week ago

Question

★★★★★

Dollar-Value LIFO The following information relates to the Choctaw Company. Use the dollar-value LIFO method to compute the ending inventory for Choctaw Company for 2007 through 2011. Ending...

Answered: 1 week ago

Question

★★★★★

What is the relationship between the threshold and an action potential?

Answered: 1 week ago

Question

★★★★★

=+3. What exactly did the European Competition authorities decide and what has developed since the announcement in March 2004?

Answered: 1 week ago

Question

★★★★★

Does the all-or-none law apply to dendrites? Why or why not?

Answered: 1 week ago

Previous Question Next Question