Colour Ltd.'s accounting profit for the year ended 31/12/2021 was $1,500,000. The following items of expenses have
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Colour Ltd.'s accounting profit for the year ended 31/12/2021 was $1,500,000. The following items of expenses have been charged in the profit and loss account in arriving at $1,500,000: Research and development expenses: $200,000 Special contribution payment to MPF: $300,000 Colour Ltd.'s assessable profit for the year of assessment 2021/22:
a. $1,740,000.
b. $1,900,000.
c. $2,000,000.
d. $1,700,000.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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