Mchunu Stores is a registered micro business. Its receipts and expenses for the year ended 28 February

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Mchunu Stores is a registered micro business. Its receipts and expenses for the year ended 28 February 2017 are as follows:

Turnover of micro business 770 000

Interest received 16 000

Rental from fixed property 60 000

Running costs of micro business 200 000

Repairs to fixed property 13 000

Required:

Calculate the tax paid by Mchunu Stores.

Related Book For answer-question

Financial Accounting

ISBN: 978-1133952428

12th Edition

Authors: Warren, Reeve, Duchac

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Posted Date: May 03, 2021 06:01 PM

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Mchunu Stores is a registered micro business. Its receipts and expenses for the year ended 28 February

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Revenue770000 Interest received 16000 Rental from fixed pr... View the full answer

Financial Accounting

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