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FUBUKI CO (DEC 10)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › FUBUKI CO (DEC 10)

  • This topic has 1 reply, 2 voices, and was last updated 2 months ago by John Moffat.
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  • June 5, 2022 at 2:14 am #657393
    Frooti
    • Topics: 61
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    part a of question

    Subsidy benefit
    14,488 × 80% × 0.02 × 75% × 3.588 =624

    why 75% is used over here?

    June 5, 2022 at 9:28 am #657421
    John Moffat
    Keymaster
    • Topics: 57
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    • ☆☆☆☆☆

    Because the tax rate is 25% and therefore the net benefit is only 75% of the subsidy.

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