Solution-Compute the amount of the current tax liability

Compute the amount of the current tax liability

Assignment Help Accounting Basics

Reference no: EM132522796

Question - Delta Limited has an accounting profit before tax of $200 000. The following items have been included in the accounting profit of Delta Ltd: depreciation of equipment $30 000 but the tax-deductible depreciation is $20 000; long service leave expense provided for the year is $6000, however no employee took long service leave during the year. The tax rate is 30%. Compute the amount of the current tax liability?

a) $60 000.

b) $58 800.

c) $64 800.

d) $61 200.

Reference no: EM132522796

Questions Cloud

Define and describe jurisdiction and its importance : Understanding the history and basics of criminal investigation is the first step to understanding the more complex topics to come. Create a 3-slide PowerPoint.

One ninth of the length of the confidence interval based : In estimating a population mean with a confidence interval based on a random sample X1,... ,Xn from a Normal distribution with an unknown mean

Business strategy to drive organizational strategy : Why is it important for business strategy to drive organizational strategy and IS strategy? What might happen if the business strategy was not the driver?

Describe qualities that an investigator should possess : In regards to the various qualities that an investigator should possess, as discussed in the Attributes Desirable in an Investigator section of Chapter 1.

Compute the amount of the current tax liability : Delta Limited has an accounting profit before tax of $200 000. The tax rate is 30%. Compute the amount of the current tax liability

Information management and software development : Which of the defined criteria of measurement is considered as most important for evaluation and monitoring of information systems?

Determine what is the company current stock price : The company's beta is 1.15, the market risk premium is 5.00%, and the risk-free rate is 4.00%. What is the company's current stock price, P0?

Discussing how blockchain implementation : Write an essay of discussing how a blockchain implementation would improve data security in a military, education, or other context.

How victims can protect themselves from being victimized : In Chapter 3 of the text, Siegel discusses victims and victimization. Victimization theories argue that victims are sometimes responsible for their own.

User Account

All Pages

Compute the amount of the current tax liability

Reference no: EM132522796

Reference no: EM132522796

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT