User Account

All Pages

What is current tax liability of a ltd for the year ended

Assignment Help Accounting Basics
Reference no: EM132953078

Question - The following information relates to A Ltd for the year ended 30 June 2021.

Accounting profit before income tax (see note marked * below) 125,000

Fines and penalties (not tax deductible) 7,500

Depreciation of plant (accounting) 25,000

Depreciation of plant (tax) 30,000

Long-service leave expense (not a tax deduction until the leave is paid) 8,000

Income tax rate 30%

*accounting profit after deducted all expenses for accounting purposes

What is the current tax liability of A Ltd for the year ended 30 June 2021, based on the information given above?

Reference no: EM132953078

Questions Cloud

Compute the return on investment : Suppose Dave invested only $20,000 of his own money and borrowed $180,000 interest- free from his rich father. What was his return on investment?
Compute the gross earnings of engelbert : Pesos Olover, 128, 460.00 Pesos Edward, 99, 295.00 Pesos Compute the gross earnings of Engelbert and each of his men for one month
What is the present value of the riskless portfolio : What is the present value of the riskless portfolio? Do not round intermediate calculations. Round your answer to the nearest cent.
Considering a lockbox system : Murkywater Company is considering a lockbox system. Its collection delay is currently 12 days.
What is current tax liability of a ltd for the year ended : What is the current tax liability of A Ltd for the year ended 30 June 2021, based on the information given above
Find average customer payment : Sussex Inc., a large fertilizer distributor based in Nova Scotia, is planning to use a lockbox system to speed up collections from its customers located on the
Calculating a company wacc : When calculating a company's WACC, should book value, market value, or target weights be used? Explain.
Compute gross profit : HASF continued its operations results follows - Variable selling and administrative exp 10 per unit. Compute gross profit if we use Marginal costing
What is yield to call on bond : Brandi owns a 5% coupon rate callable bond that can be called in 8 years with a 3% call premium. What is her yield to call on this bond, assuming she just paid

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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