Tutorial 1

Tutorial 1 - 30,000 . Calculate the tax due on the store...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Accounting and Financial Control Department Taxation S 2012 1/1 Tutorial (1) Introduction to Tax Accounting Problem “1”: Sarah Amin works as an employee in the public sector .She receives L.E. 60,000 annually as her salary. Required: 1. Identify the taxpayer. 2. Identify the tax base. 3. Calculate the tax due. Problem “2”: Fady owns his own grocery store and has an annual income of L.E
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 30,000 . Calculate the tax due on the store income. Problem 3: Deena has collected the following revenues at the end of 2011: a) L.E. 2000/month in the form of salaries. b) L.E. 15,000 as the total profits from commercial professions c) L.E. 5,000 revenues from real estate. Calculate the tax base and the tax due that Deena should pay at the end of 2011 ....
View Full Document

Ask a homework question - tutors are online