- This topic has 3 replies, 2 voices, and was last updated 1 month ago by
.
Viewing 4 posts - 1 through 4 (of 4 total)
- Posts
hello
the question above asks to calculate income tax payable by Ronald. when calculating the property business income, they are calculating the premium income 12000-(12000*0.02*(30-1) giving 5040, and they are considering that whole value as income. shouldnt 5040 be divided by 30 years to get income per year and again calculate an amount equivalent to 4 months, since it was leased for 4 months before year end
My problem is
shouldn’t the 5040 be divided by 30 years to get income per year and again calculate an amount equivalent to 4 months, since it was leased for 4 months before year end??
Viewing 4 posts - 1 through 4 (of 4 total)
- You must be logged in to reply to this topic.