Afifi sole proprietorship provides his tax report for 2012 to tax department; they suffered loss as 330,000 NIS. The following 6 years, he provides tax reports with an income as the following: {130,000 / 60,000 / 120,000 / 60,000 / 120,000 / 62,000}. Required: calculate the income tax for each year according income tax law 8/2011:
Afifi sole proprietorship provides his tax report for 2012 to tax department; they suffered loss as 330,000 NIS. The following 6 years, he provides tax reports with an income as the following: {130,000 / 60,000 / 120,000 / 60,000 / 120,000 / 62,000}. Required: calculate the income tax for each year according income tax law 8/2011:
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter3: Taxes On The Financial Statements
Section: Chapter Questions
Problem 14P
Related questions
Question
1- Afifi sole proprietorship provides his tax report for 2012 to tax department; they suffered loss as 330,000 NIS. The following 6 years, he provides tax reports with an income as the following: {130,000 / 60,000 / 120,000 / 60,000 / 120,000 / 62,000}. Required: calculate the income tax for each year according income tax law 8/2011: |
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning