Calculate both direct and indirect tax liability for year

Assignment Help Accounting Basics
Reference no: EM132688750

Abebe company purchased office equipment for birr 115,000 before vat. The company has five employees to provide services. The employment income tax is birr 12,000 per month. During the year 2012 the company earned birr 446,500 inclusive vat by providing service business. Profit taxis birr 30,000.

Problem 1: Calculate both direct and indirect tax liability for the year of 2012?

Problem 2: Identify the relevant documents for taxation

Problem 3: Write are roles of the Ethiopian revenues and customs authority (ERCA)?

Reference no: EM132688750

Questions Cloud

Explain strategy as a mental health professional : Explain at least one strategy as a mental health professional you could facilitate culturally and contextually ethical treatment of clients.
What are the sources of information to develop business plan : What is the possible source of information to Ato Abera who wants to begin business in remote area so as to perform a business plan
Find the empirical formula : A 0.851 g sample of an unknown containing C, H, and O is burned and form 2.55 g CO2, 0.464 g H2O. Find the empirical formula.
Demonstrate the challenges in work with others : How to organize and manage medium enterprises to textile Argo processing industry to effectively and efficiently achieve the goal of the enterprises
Calculate both direct and indirect tax liability for year : Write are roles of the Ethiopian revenues and customs authority (ERCA)? Calculate both direct and indirect tax liability for the year of 2012?
Define risk and mitigation process that was not carried out : What do you feel was the leading cause of the X-31 crash? Given that question, identify a risk and mitigation process that was not carried out during the final.
What maximum tax rates applied to business profit income : What maximum tax rates applied to business profit income tax in Ethiopian is? All are commodity or expenditures taxes which are referred to indirect tax except
Which are roles of ethiopian revenue and customs authority : Which of the following is/are roles of Ethiopian revenue and customs authority (ERCA)? Which All are characteristics of taxation except
How homework assistance website promote academic dishonesty : Many students will readily agree that they have embraced help when writing their papers. However, when does seeking writing help cross the line into cheating?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd