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Solve the amount of dividends and taxation paid

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These balances and totals are from Bantu Ltd for the year ended 30 June 2020. Real accounts section 30-Jun-19 30-Jun-20

Inland Revenue:

Income Tax 12,000.00 15,000.00

Shareholders for dividends 15,000.00 20,000.00

Nominal accounts section 30-Jun-20

Income tax expense 38,000.00

Under-provision for taxation in the previous year 3,200.00

Dividends Interim 18,000.00 Final 20,000.00

You are required to:

Problem 1. Calculate the amount of dividends and taxation paid.

Reference no: EM132756357

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