The following information relates to Oz Ltd for the year ended 30 June 2020. Accounting...

Transcribed Image Text:

The following information relates to Oz Ltd for the year ended 30 June 2020. • Accounting profit before income tax: $150,000 • Fines and penalties: $10,000 • Depreciation expense of plant (accounting:) $20,000 • Depreciation expense of plant (tax): $30,000 • Government grant $15,000 • Income tax rate 30% On the basis of the above information, the current tax liability of Oz Ltd for the year ended 30 June 2020 is: $40,500 O $45,000 $43,500 O $37,500 The following information relates to Oz Ltd for the year ended 30 June 2020. • Accounting profit before income tax: $150,000 • Fines and penalties: $10,000 • Depreciation expense of plant (accounting:) $20,000 • Depreciation expense of plant (tax): $30,000 • Government grant $15,000 • Income tax rate 30% On the basis of the above information, the current tax liability of Oz Ltd for the year ended 30 June 2020 is: $40,500 O $45,000 $43,500 O $37,500

Answer rating: 100% (QA)

current tax liability is 45000 Acc... View the full answer