Flames plc had tax adjusted trading profits of 789,000 for the period ended 31 March 2022. Qualifying

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Flames plc had tax adjusted trading profits of 789,000 for the period ended 31 March 2022. Qualifying charitable donations of 12,000 were made on 1 January 2022. Corporate chargeable gains (net of allowable losses) for the period ended 31 March 2022 were 106,000.

What is Flames plc's corporation tax liability for the period ended 31 March 2022?

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Federal Taxation 2015 Comprehensive

ISBN: 9780133807783

28th Edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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Posted Date: Feb 21, 2024 09:46 AM

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Flames plc had tax adjusted trading profits of 789,000 for the period ended 31 March 2022. Qualifying

Question:

A. £172,330 B. £149,910 C. £170,050 D. £167,770 A. £172,330 B. £149,910 C. £170,050 D. £167,770

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Federal Taxation 2015 Comprehensive

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