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Compute the final tax installment for the year

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Reference no: EM132131608

Question - During the year ended 30 June 2015 Harry Ltd, pays quarterly PAYG tax installments as follows:

$6000 on 28 July 2014

$2000 on 28 October 2014

$8000 on 28 February 2015

$10 000 on 28 April 2015.

On 30 June 2015, Harry Ltd determines its total current tax liability for the year to be $28 000. Compute the final tax installment for the year.

a. refund of $2000.

b. payment of $2000.

c. payment of $8000.

d. payment of $28 000.

Reference no: EM132131608

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