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I am getting a different figure also – Total Profit (W1) – 53,818. I base this on Adjusted profit (89,000) minus Capital Allowances (W2) of 35,182.
Total Income 53,818
PA (9,440)
Taxable Income 44,37832,010 x 20% = 6,402
12,368 x 40% = 4,947
44,378 = 11,3492012/13 – Actual = 3/12 of 53,818 =13,455
2013/14 CYB = 53,818Overlap Profits of 13,455
If I’m wrong, I’m wrong, but that is what I get.
What does everybody else’s figures show?.
Got those figures too 🙂 See this https://opentuition.com/topic/chapter-6-answer-to-example-9/
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