SlideShare a Scribd company logo
The following information relates to Jefferson Limited for the year ended 30 June 2022.
Accounting profit before income tax $200 000
Entertainment expenses (not tax deductible) 10 000
Depreciation of machinery (accounting) 20 000
Depreciation of machinery (tax) 50 000
Annual leave expense (not a tax deduction until the leave is paid) 4 000
Income tax rate 30%
On the basis of this information the current tax liability is:
a.
$55 200
b.
$64 800
c.
$45 000
d.
$51 000
e.
None of the above
The following information relates to Jefferson Limited for the year en.docx

More Related Content

More from GordonB0fPaigey

The major functions or requirements for an I-O module fall into the fo.docx
The major functions or requirements for an I-O module fall into the fo.docxThe major functions or requirements for an I-O module fall into the fo.docx
The major functions or requirements for an I-O module fall into the fo.docx
GordonB0fPaigey
 
The island of Hawaii is composed of several active volcanoes (Fig 1a)-.docx
The island of Hawaii is composed of several active volcanoes (Fig 1a)-.docxThe island of Hawaii is composed of several active volcanoes (Fig 1a)-.docx
The island of Hawaii is composed of several active volcanoes (Fig 1a)-.docx
GordonB0fPaigey
 
The investment shown in the figure below has an annual equivalent wort.docx
The investment shown in the figure below has an annual equivalent wort.docxThe investment shown in the figure below has an annual equivalent wort.docx
The investment shown in the figure below has an annual equivalent wort.docx
GordonB0fPaigey
 
The inflation rate has increased rapidly in recent months in the U-S-.docx
The inflation rate has increased rapidly in recent months in the U-S-.docxThe inflation rate has increased rapidly in recent months in the U-S-.docx
The inflation rate has increased rapidly in recent months in the U-S-.docx
GordonB0fPaigey
 
The Hart-Scott-Rodino Act- enacted in 1976- is a preventative statute.docx
The Hart-Scott-Rodino Act- enacted in 1976- is a preventative statute.docxThe Hart-Scott-Rodino Act- enacted in 1976- is a preventative statute.docx
The Hart-Scott-Rodino Act- enacted in 1976- is a preventative statute.docx
GordonB0fPaigey
 
The greatest single disadvantage of planting a single crop would be Mo.docx
The greatest single disadvantage of planting a single crop would be Mo.docxThe greatest single disadvantage of planting a single crop would be Mo.docx
The greatest single disadvantage of planting a single crop would be Mo.docx
GordonB0fPaigey
 
The graph below shows the short- and long-run supply (Ssr- Slr) and de.docx
The graph below shows the short- and long-run supply (Ssr- Slr) and de.docxThe graph below shows the short- and long-run supply (Ssr- Slr) and de.docx
The graph below shows the short- and long-run supply (Ssr- Slr) and de.docx
GordonB0fPaigey
 
The graph below shows the phenotypic plasticity of three different tra.docx
The graph below shows the phenotypic plasticity of three different tra.docxThe graph below shows the phenotypic plasticity of three different tra.docx
The graph below shows the phenotypic plasticity of three different tra.docx
GordonB0fPaigey
 
The genotype of the diploid cell is HhQq Arrange the chromosomes for t.docx
The genotype of the diploid cell is HhQq Arrange the chromosomes for t.docxThe genotype of the diploid cell is HhQq Arrange the chromosomes for t.docx
The genotype of the diploid cell is HhQq Arrange the chromosomes for t.docx
GordonB0fPaigey
 
The force causing air to flow into the lungs during ventilation is- De.docx
The force causing air to flow into the lungs during ventilation is- De.docxThe force causing air to flow into the lungs during ventilation is- De.docx
The force causing air to flow into the lungs during ventilation is- De.docx
GordonB0fPaigey
 
The following information about Sung Company on January 1- 2014 was av.docx
The following information about Sung Company on January 1- 2014 was av.docxThe following information about Sung Company on January 1- 2014 was av.docx
The following information about Sung Company on January 1- 2014 was av.docx
GordonB0fPaigey
 
The following table shows a list of access matrix that defines the acc.docx
The following table shows a list of access matrix that defines the acc.docxThe following table shows a list of access matrix that defines the acc.docx
The following table shows a list of access matrix that defines the acc.docx
GordonB0fPaigey
 
The following table gives the prices of Treasury Bonds- What is the ze.docx
The following table gives the prices of Treasury Bonds- What is the ze.docxThe following table gives the prices of Treasury Bonds- What is the ze.docx
The following table gives the prices of Treasury Bonds- What is the ze.docx
GordonB0fPaigey
 
The following is the description of a hospital information database- A.docx
The following is the description of a hospital information database- A.docxThe following is the description of a hospital information database- A.docx
The following is the description of a hospital information database- A.docx
GordonB0fPaigey
 
The following data were provided by Mystery Incorporated for the year.docx
The following data were provided by Mystery Incorporated for the year.docxThe following data were provided by Mystery Incorporated for the year.docx
The following data were provided by Mystery Incorporated for the year.docx
GordonB0fPaigey
 
The following are ways by which cash flows can be manipulated except-.docx
The following are ways by which cash flows can be manipulated except-.docxThe following are ways by which cash flows can be manipulated except-.docx
The following are ways by which cash flows can be manipulated except-.docx
GordonB0fPaigey
 
The following information relates to Franklin Freightways for its firs.docx
The following information relates to Franklin Freightways for its firs.docxThe following information relates to Franklin Freightways for its firs.docx
The following information relates to Franklin Freightways for its firs.docx
GordonB0fPaigey
 
The following activities A-B-C-D- and E can be referred to as- (use no.docx
The following activities A-B-C-D- and E can be referred to as- (use no.docxThe following activities A-B-C-D- and E can be referred to as- (use no.docx
The following activities A-B-C-D- and E can be referred to as- (use no.docx
GordonB0fPaigey
 
The employees of Ethereal Bank are paid on a semimonthly basis- All em.docx
The employees of Ethereal Bank are paid on a semimonthly basis- All em.docxThe employees of Ethereal Bank are paid on a semimonthly basis- All em.docx
The employees of Ethereal Bank are paid on a semimonthly basis- All em.docx
GordonB0fPaigey
 
The Environmental Protection Agency (EPA) administers environmental st.docx
The Environmental Protection Agency (EPA) administers environmental st.docxThe Environmental Protection Agency (EPA) administers environmental st.docx
The Environmental Protection Agency (EPA) administers environmental st.docx
GordonB0fPaigey
 

More from GordonB0fPaigey (20)

The major functions or requirements for an I-O module fall into the fo.docx
The major functions or requirements for an I-O module fall into the fo.docxThe major functions or requirements for an I-O module fall into the fo.docx
The major functions or requirements for an I-O module fall into the fo.docx
 
The island of Hawaii is composed of several active volcanoes (Fig 1a)-.docx
The island of Hawaii is composed of several active volcanoes (Fig 1a)-.docxThe island of Hawaii is composed of several active volcanoes (Fig 1a)-.docx
The island of Hawaii is composed of several active volcanoes (Fig 1a)-.docx
 
The investment shown in the figure below has an annual equivalent wort.docx
The investment shown in the figure below has an annual equivalent wort.docxThe investment shown in the figure below has an annual equivalent wort.docx
The investment shown in the figure below has an annual equivalent wort.docx
 
The inflation rate has increased rapidly in recent months in the U-S-.docx
The inflation rate has increased rapidly in recent months in the U-S-.docxThe inflation rate has increased rapidly in recent months in the U-S-.docx
The inflation rate has increased rapidly in recent months in the U-S-.docx
 
The Hart-Scott-Rodino Act- enacted in 1976- is a preventative statute.docx
The Hart-Scott-Rodino Act- enacted in 1976- is a preventative statute.docxThe Hart-Scott-Rodino Act- enacted in 1976- is a preventative statute.docx
The Hart-Scott-Rodino Act- enacted in 1976- is a preventative statute.docx
 
The greatest single disadvantage of planting a single crop would be Mo.docx
The greatest single disadvantage of planting a single crop would be Mo.docxThe greatest single disadvantage of planting a single crop would be Mo.docx
The greatest single disadvantage of planting a single crop would be Mo.docx
 
The graph below shows the short- and long-run supply (Ssr- Slr) and de.docx
The graph below shows the short- and long-run supply (Ssr- Slr) and de.docxThe graph below shows the short- and long-run supply (Ssr- Slr) and de.docx
The graph below shows the short- and long-run supply (Ssr- Slr) and de.docx
 
The graph below shows the phenotypic plasticity of three different tra.docx
The graph below shows the phenotypic plasticity of three different tra.docxThe graph below shows the phenotypic plasticity of three different tra.docx
The graph below shows the phenotypic plasticity of three different tra.docx
 
The genotype of the diploid cell is HhQq Arrange the chromosomes for t.docx
The genotype of the diploid cell is HhQq Arrange the chromosomes for t.docxThe genotype of the diploid cell is HhQq Arrange the chromosomes for t.docx
The genotype of the diploid cell is HhQq Arrange the chromosomes for t.docx
 
The force causing air to flow into the lungs during ventilation is- De.docx
The force causing air to flow into the lungs during ventilation is- De.docxThe force causing air to flow into the lungs during ventilation is- De.docx
The force causing air to flow into the lungs during ventilation is- De.docx
 
The following information about Sung Company on January 1- 2014 was av.docx
The following information about Sung Company on January 1- 2014 was av.docxThe following information about Sung Company on January 1- 2014 was av.docx
The following information about Sung Company on January 1- 2014 was av.docx
 
The following table shows a list of access matrix that defines the acc.docx
The following table shows a list of access matrix that defines the acc.docxThe following table shows a list of access matrix that defines the acc.docx
The following table shows a list of access matrix that defines the acc.docx
 
The following table gives the prices of Treasury Bonds- What is the ze.docx
The following table gives the prices of Treasury Bonds- What is the ze.docxThe following table gives the prices of Treasury Bonds- What is the ze.docx
The following table gives the prices of Treasury Bonds- What is the ze.docx
 
The following is the description of a hospital information database- A.docx
The following is the description of a hospital information database- A.docxThe following is the description of a hospital information database- A.docx
The following is the description of a hospital information database- A.docx
 
The following data were provided by Mystery Incorporated for the year.docx
The following data were provided by Mystery Incorporated for the year.docxThe following data were provided by Mystery Incorporated for the year.docx
The following data were provided by Mystery Incorporated for the year.docx
 
The following are ways by which cash flows can be manipulated except-.docx
The following are ways by which cash flows can be manipulated except-.docxThe following are ways by which cash flows can be manipulated except-.docx
The following are ways by which cash flows can be manipulated except-.docx
 
The following information relates to Franklin Freightways for its firs.docx
The following information relates to Franklin Freightways for its firs.docxThe following information relates to Franklin Freightways for its firs.docx
The following information relates to Franklin Freightways for its firs.docx
 
The following activities A-B-C-D- and E can be referred to as- (use no.docx
The following activities A-B-C-D- and E can be referred to as- (use no.docxThe following activities A-B-C-D- and E can be referred to as- (use no.docx
The following activities A-B-C-D- and E can be referred to as- (use no.docx
 
The employees of Ethereal Bank are paid on a semimonthly basis- All em.docx
The employees of Ethereal Bank are paid on a semimonthly basis- All em.docxThe employees of Ethereal Bank are paid on a semimonthly basis- All em.docx
The employees of Ethereal Bank are paid on a semimonthly basis- All em.docx
 
The Environmental Protection Agency (EPA) administers environmental st.docx
The Environmental Protection Agency (EPA) administers environmental st.docxThe Environmental Protection Agency (EPA) administers environmental st.docx
The Environmental Protection Agency (EPA) administers environmental st.docx
 

Recently uploaded

Chapter 4 - Islamic Financial Institutions in Malaysia.pptx
Chapter 4 - Islamic Financial Institutions in Malaysia.pptxChapter 4 - Islamic Financial Institutions in Malaysia.pptx
Chapter 4 - Islamic Financial Institutions in Malaysia.pptx
Mohd Adib Abd Muin, Senior Lecturer at Universiti Utara Malaysia
 
Thesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.pptThesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.ppt
EverAndrsGuerraGuerr
 
Unit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdfUnit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdf
Thiyagu K
 
STRAND 3 HYGIENIC PRACTICES.pptx GRADE 7 CBC
STRAND 3 HYGIENIC PRACTICES.pptx GRADE 7 CBCSTRAND 3 HYGIENIC PRACTICES.pptx GRADE 7 CBC
STRAND 3 HYGIENIC PRACTICES.pptx GRADE 7 CBC
kimdan468
 
Lapbook sobre os Regimes Totalitários.pdf
Lapbook sobre os Regimes Totalitários.pdfLapbook sobre os Regimes Totalitários.pdf
Lapbook sobre os Regimes Totalitários.pdf
Jean Carlos Nunes Paixão
 
Executive Directors Chat Leveraging AI for Diversity, Equity, and Inclusion
Executive Directors Chat  Leveraging AI for Diversity, Equity, and InclusionExecutive Directors Chat  Leveraging AI for Diversity, Equity, and Inclusion
Executive Directors Chat Leveraging AI for Diversity, Equity, and Inclusion
TechSoup
 
Overview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with MechanismOverview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with Mechanism
DeeptiGupta154
 
Chapter 3 - Islamic Banking Products and Services.pptx
Chapter 3 - Islamic Banking Products and Services.pptxChapter 3 - Islamic Banking Products and Services.pptx
Chapter 3 - Islamic Banking Products and Services.pptx
Mohd Adib Abd Muin, Senior Lecturer at Universiti Utara Malaysia
 
Biological Screening of Herbal Drugs in detailed.
Biological Screening of Herbal Drugs in detailed.Biological Screening of Herbal Drugs in detailed.
Biological Screening of Herbal Drugs in detailed.
Ashokrao Mane college of Pharmacy Peth-Vadgaon
 
Synthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptxSynthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptx
Pavel ( NSTU)
 
special B.ed 2nd year old paper_20240531.pdf
special B.ed 2nd year old paper_20240531.pdfspecial B.ed 2nd year old paper_20240531.pdf
special B.ed 2nd year old paper_20240531.pdf
Special education needs
 
A Survey of Techniques for Maximizing LLM Performance.pptx
A Survey of Techniques for Maximizing LLM Performance.pptxA Survey of Techniques for Maximizing LLM Performance.pptx
A Survey of Techniques for Maximizing LLM Performance.pptx
thanhdowork
 
MASS MEDIA STUDIES-835-CLASS XI Resource Material.pdf
MASS MEDIA STUDIES-835-CLASS XI Resource Material.pdfMASS MEDIA STUDIES-835-CLASS XI Resource Material.pdf
MASS MEDIA STUDIES-835-CLASS XI Resource Material.pdf
goswamiyash170123
 
How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17
Celine George
 
1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx
JosvitaDsouza2
 
CACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdfCACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdf
camakaiclarkmusic
 
S1-Introduction-Biopesticides in ICM.pptx
S1-Introduction-Biopesticides in ICM.pptxS1-Introduction-Biopesticides in ICM.pptx
S1-Introduction-Biopesticides in ICM.pptx
tarandeep35
 
Introduction to AI for Nonprofits with Tapp Network
Introduction to AI for Nonprofits with Tapp NetworkIntroduction to AI for Nonprofits with Tapp Network
Introduction to AI for Nonprofits with Tapp Network
TechSoup
 
JEE1_This_section_contains_FOUR_ questions
JEE1_This_section_contains_FOUR_ questionsJEE1_This_section_contains_FOUR_ questions
JEE1_This_section_contains_FOUR_ questions
ShivajiThube2
 
The Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official PublicationThe Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official Publication
Delapenabediema
 

Recently uploaded (20)

Chapter 4 - Islamic Financial Institutions in Malaysia.pptx
Chapter 4 - Islamic Financial Institutions in Malaysia.pptxChapter 4 - Islamic Financial Institutions in Malaysia.pptx
Chapter 4 - Islamic Financial Institutions in Malaysia.pptx
 
Thesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.pptThesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.ppt
 
Unit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdfUnit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdf
 
STRAND 3 HYGIENIC PRACTICES.pptx GRADE 7 CBC
STRAND 3 HYGIENIC PRACTICES.pptx GRADE 7 CBCSTRAND 3 HYGIENIC PRACTICES.pptx GRADE 7 CBC
STRAND 3 HYGIENIC PRACTICES.pptx GRADE 7 CBC
 
Lapbook sobre os Regimes Totalitários.pdf
Lapbook sobre os Regimes Totalitários.pdfLapbook sobre os Regimes Totalitários.pdf
Lapbook sobre os Regimes Totalitários.pdf
 
Executive Directors Chat Leveraging AI for Diversity, Equity, and Inclusion
Executive Directors Chat  Leveraging AI for Diversity, Equity, and InclusionExecutive Directors Chat  Leveraging AI for Diversity, Equity, and Inclusion
Executive Directors Chat Leveraging AI for Diversity, Equity, and Inclusion
 
Overview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with MechanismOverview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with Mechanism
 
Chapter 3 - Islamic Banking Products and Services.pptx
Chapter 3 - Islamic Banking Products and Services.pptxChapter 3 - Islamic Banking Products and Services.pptx
Chapter 3 - Islamic Banking Products and Services.pptx
 
Biological Screening of Herbal Drugs in detailed.
Biological Screening of Herbal Drugs in detailed.Biological Screening of Herbal Drugs in detailed.
Biological Screening of Herbal Drugs in detailed.
 
Synthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptxSynthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptx
 
special B.ed 2nd year old paper_20240531.pdf
special B.ed 2nd year old paper_20240531.pdfspecial B.ed 2nd year old paper_20240531.pdf
special B.ed 2nd year old paper_20240531.pdf
 
A Survey of Techniques for Maximizing LLM Performance.pptx
A Survey of Techniques for Maximizing LLM Performance.pptxA Survey of Techniques for Maximizing LLM Performance.pptx
A Survey of Techniques for Maximizing LLM Performance.pptx
 
MASS MEDIA STUDIES-835-CLASS XI Resource Material.pdf
MASS MEDIA STUDIES-835-CLASS XI Resource Material.pdfMASS MEDIA STUDIES-835-CLASS XI Resource Material.pdf
MASS MEDIA STUDIES-835-CLASS XI Resource Material.pdf
 
How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17
 
1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx
 
CACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdfCACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdf
 
S1-Introduction-Biopesticides in ICM.pptx
S1-Introduction-Biopesticides in ICM.pptxS1-Introduction-Biopesticides in ICM.pptx
S1-Introduction-Biopesticides in ICM.pptx
 
Introduction to AI for Nonprofits with Tapp Network
Introduction to AI for Nonprofits with Tapp NetworkIntroduction to AI for Nonprofits with Tapp Network
Introduction to AI for Nonprofits with Tapp Network
 
JEE1_This_section_contains_FOUR_ questions
JEE1_This_section_contains_FOUR_ questionsJEE1_This_section_contains_FOUR_ questions
JEE1_This_section_contains_FOUR_ questions
 
The Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official PublicationThe Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official Publication
 

The following information relates to Jefferson Limited for the year en.docx

  • 1. The following information relates to Jefferson Limited for the year ended 30 June 2022. Accounting profit before income tax $200 000 Entertainment expenses (not tax deductible) 10 000 Depreciation of machinery (accounting) 20 000 Depreciation of machinery (tax) 50 000 Annual leave expense (not a tax deduction until the leave is paid) 4 000 Income tax rate 30% On the basis of this information the current tax liability is: a. $55 200 b. $64 800 c. $45 000 d. $51 000 e. None of the above