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PAYE of Sh.130,000 was deducted from Matata's pay but due to an oversight in the part of the Chief Accountant the tax was not paid to the Collector of Income tax. His wife's PAYE was Sh.180,000 in the year.
Required:
(i) Compute total income chargeable to tax and show the tax payable thereon.
(ii) Comment on any information not used for computing taxable income above.
(iii) Is Matata to blame for failure of the company to pay his PAYE? Explain.
Herding/Bandwagon Effect: This is the tendency for individual traders to mimic the actions (rational or irrational) of the market. Individually, the trader would not necessarily have made the same choice.
The following are balance sheets for Scott Corporation as of the end of the Years 1 and 2, Calculate the amount of cash provided by Scott's operating activities.
What is the estimated capital investment for the 130,000-square-foot. Based on a before-tax analysis, what is the PW for the first 10 years of owmership of the building.
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Most people who start small businesses are aware of the high failure rate and the reasons for it. Why, then, do some take no steps to protect their firms from failure? What steps should they take?
Doug, age 40, is the owner of a small firm that sells window blinds and cleans carpets. The company provides health insurance for seven employees. The wife of one employee has breast cancer and has incurred substantial medical bills, which resulte..
How much external equity will the company require if it pays the same dividend as last year?
what advantages or disadvantages of market-based indicators for making investment
Cash flow was then the difference between the two subtotals. What advantages or disadvantages do you see of the current format in relation to the old one? Which would you prefer if you had a choice?
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