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Asked: 2021-11-15T11:18:51+02:00 In:

QUESTION 15 The profit before tax of Hanson Limited amounted to N$500 000 for the financial year ended 31 December 20.1. 1. Included in profit before tax is the following: N$ Dividends received 50 000 Traffic fines paid 10 000 Depreciation 30 000 2. Hanson Limited made the following provisional tax payments during the year: N$ 30 June 20.12 50 000 31 December 20.12 34 000 3. The normal income tax rate is 28% and SARS allows a wear-and-tear deduction of N$25 000 per year on the assets of Hanson Limited. REQUIRED: 1. Calculate the income tax expense of Hanson Limited for the financial year ended 31 December 20.12. 2. Prepare the SARS: tax payable account in the general ledger of Hanson Limited for the year ended 31 December 20.12. This account had a balance of N$10 000 (credit) on 1 January 20.12

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QUESTION 15 The profit before tax of Hanson Limited amounted to N$500 000 for the financial year ended 31 December 20.1. 1. Included in profit before tax is the following: N$ Dividends received 50 000 Traffic fines paid 10 000 Depreciation 30 000 2. Hanson Limited made the following provisional tax payments during the year: N$ 30 June 20.12 50 000 31 December 20.12 34 000 3. The normal income tax rate is 28% and SARS allows a wear-and-tear deduction of N$25 000 per year on the assets of Hanson Limited. REQUIRED: 1. Calculate the income tax expense of Hanson Limited for the financial year ended 31 December 20.12. 2. Prepare the SARS: tax payable account in the general ledger of Hanson Limited for the year ended 31 December 20.12. This account had a balance of N$10 000 (credit) on 1 January 20.12

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Calculate the relevant salary to the assistant related to the special order

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