Bilal is an employee of King Brands Ltd. (a listed Co). In tax year 2021, his basic salary aggregated to Rs. 1,500,000. The company offered him shares option for acquiring 5,000 shares under employee share scheme. Cost of option amounted to Rs. 1,000. He exercised the option @ Rs. 50/share on 1st September, 2020. Fair market value (FMV) at the time of exercise of shares was Rs. 70/share. After holding the shares for a period of 202 days, he disposed them off at: a) Rs 90 / share b) Rs 40 / share Required In each of the above scenarios, compute Mr. Bilal's taxable income and tax liability for tax year 2021. need answer fast plz

Bilal is an employee of King Brands Ltd. (a listed Co). In tax year 2021, his basic salary aggregated to Rs. 1,500,000. The company offered him shares option for acquiring 5,000 shares under employee share scheme. Cost of option amounted to Rs. 1,000. He exercised the option @ Rs. 50/share on 1st September, 2020. Fair market value (FMV) at the time of exercise of shares was Rs. 70/share. After holding the shares for a period of 202 days, he disposed them off at: a) Rs 90 / share b) Rs 40 / share Required In each of the above scenarios, compute Mr. Bilal's taxable income and tax liability for tax year 2021. need answer fast plz

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Zina Manufacturing Company started and completed Job 501 in December with the following Job Cost Sheet and transferred it to the warehouse. Direct Materials Date Dec 17 Dec 30 Total Direct Labor Amount Date Amount $2,000 Dec 20 $4,000 8,000 Dec 30 3,800 Total Job Cost Sheet - Job No. 501 Total Cost The journal entry to record the transaction is A) WIP Inventory FG Inventory B) Cost of Goods Sold WIP Inventory C) FG Inventory WIP Inventory D) FG Inventory WIP Inventory Debit Credit 35,800 17,800 17,800 Manufacturing Overhead Date Amount Dec 24 $10,000 Dec 30 8,000 Total 35,800 35,800 17,800 17,800 35,800
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excel
Any update on D,E,F
Help me question 1a