Q.4 What are the expenses which are allowed to be deducted from income of a person?...
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Q.4 What are the expenses which are allowed to be deducted from income of a person? Also calculate taxable income of a person X using the following data? Salary 155,000 Income from Property 125,000 Income from Business 205,800 Educational Expenses 40,000 Worker's Welfare fund 12,000 Zakat 5,500 Capital Gains 20,500 Income from Other Sources 78,000 Q.4 What are the expenses which are allowed to be deducted from income of a person? Also calculate taxable income of a person X using the following data? Salary 155,000 Income from Property 125,000 Income from Business 205,800 Educational Expenses 40,000 Worker's Welfare fund 12,000 Zakat 5,500 Capital Gains 20,500 Income from Other Sources 78,000
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College Accounting A Contemporary Approach
ISBN: 978-0073396958
2nd edition
Authors: David Haddock, John Price, Michael Farina
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