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What the amount that rosie ltd can claim as a tax deduction

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Reference no: EM132858907

Rosie Ltd had the following balances related to bad debts for the year ended 30 June 2021: Allowance for Doubtful Debts $31,500 (30 June 2020: $26,000), and bad debts expense $25,000. The company income tax rate is 30%.

Problem 1: The amount that Rosie Ltd can claim as a tax deduction for bad debts for 30 June 2021 is:

Select one:

a. $25,000

b. $19,500

c. $30,500

d. $5,850

Reference no: EM132858907

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