Company has earned an income of RO 20,000 in the tax year 2019. In the year 2013 and 2015 company has incurred the loss of RO 10,000 and RO 5,000 which is so far not claimed for set off from the succeeding years incomes. It is assumed that it has registered capital more than RO 50,000. Which one of the following is the tax liability for the year 2019 as per Oman tax laws? O a. RO 2,250 O b. RO 1,500 O c. RO 5,000 O d. RO 450
Company has earned an income of RO 20,000 in the tax year 2019. In the year 2013 and 2015 company has incurred the loss of RO 10,000 and RO 5,000 which is so far not claimed for set off from the succeeding years incomes. It is assumed that it has registered capital more than RO 50,000. Which one of the following is the tax liability for the year 2019 as per Oman tax laws? O a. RO 2,250 O b. RO 1,500 O c. RO 5,000 O d. RO 450
Chapter11: The Corporate Income Tax
Section: Chapter Questions
Problem 1MCQ: Ironwood Corporation has ordinary taxable income of $65,000 in 2019, and a short-term capital loss...
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46-A Company has earned an income of RO 20,000 in the tax year 2019. In the year 2013 and 2015 company has incurred the loss of RO 10,000 and RO 5,000 which is so far not claimed for set off from the succeeding years incomes. It is assumed that it has registered capital more than RO 50,000. Which one of the following is the tax liability for the year 2019 as per Oman tax laws?
O a. RO 2,250
O b. RO 1,500
O c. RO 5,000
O d. RO 450
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ISBN:
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Author:
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Publisher:
CENGAGE LEARNING - CONSIGNMENT