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Calculate the tax payable by mx

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Reference no: EM131214840

MX is resident in Country X for tax purposes.Part of MX's plant and equipment was purchased on 1 October 2012 at a cost of $112,000and the remainder was purchased on 1 October 2013 at a cost of $188,000.MX depreciates all its plant and equipment on the straight line basis at 20% per annum.For the year ended 30 September 2014 MX's profit before tax was $291,100.MX's expenses included entertaining $22,120; staff travel and subsistence $41,300 anddonations to political parties of $9,440.

Calculate the tax payable by MX for the year ended 30 September 2014.

Reference no: EM131214840

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Calculate the tax payable by mx : MX's profit before tax was $291,100.MX's expenses included entertaining $22,120; staff travel and subsistence $41,300 anddonations to political parties of $9,440. Calculate the tax payable by MX for the year ended 30 September 2014.
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