Aus Resources Ltd had an annual aggregate turnover of $30 million, and it incurred an accounting net loss of $200,000 in the 2013/14 income year.

This comprised income $30,000,000, eligible R&D expenses of $1,000,000 and other expenses $29,200,000. 
Required: Calculate Taxable Income and Tax Payable.

Answer rating: 100% (QA)

Taxable Income Assessable Income Deductions Tax Payable Taxabl... View the full answer