Mr. Mohamed has a carpentry workshop, he prepared the income statement for the carpentry workshop for the year of 2020. Mr. Mohamed asked for your assistance to prepare the Income Tax Statement to be presented to Tax Authority. The details of the Income statement as follow:

  

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Revenues from Carpentry Revenues from other work Total Revenues Al Salam Carpentry Income Statement for 2020 90,000 50,000 140,000 Revenues from Carpentry Revenues from other work Total Revenues Al Salam Carpentry Income Statement for 2020 90,000 50,000 140,000

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1Income Tax Statement For the year ended December 31 2020 Total revenue 140000 Total expenses 112000 Taxable income 28000 Income tax due 14840 Date pa... View the full answer