Mr. C living in Berlin, leased out his flat as residency premises in İzmir and obtained 8.000 € as rental income in 2021. Also he leased out his office in Ankara and obtained 10.500 € as rental income in 2021. It is withheld 20.000 TRY from rental income of workplace in Ankara. She has no other income to declare in Turkey and preferred the lump-sum expenses method. On the date of collection and expenditure, buying rate for Euro announced by The Central Bank of Republic of Turkey is assumed as 9.75 TRY. He chooses lump-sum expense method for his rental income. Use the income tax schedule for 2021 from the slides. Required: Calculate Mr. C's personal income tax liability for 2021.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Mr. C living in Berlin, leased out his flat as residency premises in
İzmir and obtained 8.000 € as rental income in 2021. Also he
leased out his office in Ankara and obtained 10.500 € as rental
income in 2021. It is withheld 20.000 TRY from rental income of
workplace in Ankara. She has no other income to declare in Turkey
and preferred the lump-sum expenses method.
On the date of collection and expenditure, buying rate for Euro
announced by The Central Bank of Republic of Turkey is assumed
as 9.75 TRY.
He chooses lump-sum expense method for his rental income.
Use the income tax schedule for 2021 from the slides.
Required: Calculate Mr. C's personal income tax liability for 2021.
Transcribed Image Text:Mr. C living in Berlin, leased out his flat as residency premises in İzmir and obtained 8.000 € as rental income in 2021. Also he leased out his office in Ankara and obtained 10.500 € as rental income in 2021. It is withheld 20.000 TRY from rental income of workplace in Ankara. She has no other income to declare in Turkey and preferred the lump-sum expenses method. On the date of collection and expenditure, buying rate for Euro announced by The Central Bank of Republic of Turkey is assumed as 9.75 TRY. He chooses lump-sum expense method for his rental income. Use the income tax schedule for 2021 from the slides. Required: Calculate Mr. C's personal income tax liability for 2021.
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