Bellago Ltd made an accounting profit before tax of $75,000 for the year ended 30 June 2020.The following items were included in the accounts: Donations to political parties , non deductible 4,000 Depreciation machinery ,20% 15,000 Annual leave expense 5,800 Rent revenue 8,000 Goodwill amortised , non deductible 12,000 For tax purposes the following applied : Depreciation rate for machinery 15% Annual leave paid 4,500 Rent received 12,000 Income tax rate 30% Required Use a current tax worksheet to cal
Bellago Ltd made an accounting profit before tax of $75,000 for the year ended 30 June 2020.The following items were included in the accounts:
Donations to political parties , non deductible 4,000
Annual leave expense 5,800
Rent revenue 8,000
For tax purposes the following applied :
Depreciation rate for machinery 15%
Annual leave paid 4,500
Rent received 12,000
Income tax rate 30%
Required
Use a current tax worksheet to calculate the current tax liability for the year ended 30 June 2020. Prepare the
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