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Income tax computation Example 15

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December 28, 2016 at 6:54 am #364575
liqingkong
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In the answer of Example 15, the net income is above 100000, so why the PA is not adjusted?
Or have I misunderstood something?
Thanks for your help.
January 3, 2017 at 5:51 pm #364947
Tax Tutor
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Read the course note again – it is the ADJUSTED net income that is compared to the income limit of 100,000 (which computation is clearly shown in the answer and is below 100,000).
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