Solution-Which is the correct amount of Current Tax

Which is the correct amount of Current Tax Liability

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Reference no: EM132634120

Question - Adelaide Ltd provided the following information:

Accounting profit before income tax (after all expenses have been included) $400,000

Donations paid (not tax deductible) 100,000

Depreciation of vehicles (accounting) 50,000

Depreciation of vehicles (tax) 60,000

Long service leave expense (no cash paid this year) 5,000

Income tax rate 30%

Required - Which one of the following is the correct amount of Current Tax Liability?

a. $94,500

b. $145,500

c. $88,500

d. $148,500

Reference no: EM132634120

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Which is the correct amount of Current Tax Liability

Reference no: EM132634120

Reference no: EM132634120

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