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CIMA Exam CIMAPRA19-F01-1 Topic 1 Question 104 Discussion

Actual exam question for CIMA's CIMAPRA19-F01-1 exam
Question #: 104
Topic #: 1
[All CIMAPRA19-F01-1 Questions]

The accounting profit before tax of an entity was $243,200 for the year ended 31 July 20X4.

The accounting profit included disallowable income from government grants of $48,000 and disallowable expenditure of $25,600 on entertaining expenses.

The entity also paid a $40,000 dividend to shareholders. The tax rates for the country were as follows:

Calculate the tax the entity is due to pay for the year ending 31 July 20X4.

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Suggested Answer: B

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Hmm, this looks tricky. I'll have to carefully go through the information provided to figure out the correct tax amount.
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Caprice
4 days ago
I think the tax due to pay is $47,840.
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