Question

In year ending 31/03/20X2, an entity George made an accounting profit of
$80,000. Profit included $5,500 of entertaining costs which are
disallowable for tax purposes and $8,000 of income exempt from
taxation.
George has no capital items.
Tax is charged at 25%.
Calculate the tax payable for the year ended 31/03/X2.​

Answer 1

Answer:

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