Calculate the taxable profits

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Reference no: EM13149487

Profit before tax is sh.800000 which includes sh.500000 grant that is not taxable and sh.20000 of expenses allowable for tax purposes.depreciation for p&l account amount to sh.120000 but was to be replaced by capital allowances of sh.150000.Tax rate for profits is 30%. Calculate the taxable profits.

Reference no: EM13149487


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