BurgessLimitedisanoilsholesalingcoompanythathadsaleslastyearof$2.5millionwithcostofgoodssoldof$700,000.Thecompanypaidinterestof$200,000anditscashoperatingexpenseswere$150,000.Itsdepreciationexpensewas$150,000.(

Question

Burgess Limited is an oil sholesaling coompany that had sales last year of $2.5 million with cost of goods sold of $700,000. The company paid interest of $200,000 and its cash operating expenses were $150,000. Its depreciation expense was $150,000.
(a) Determine Burgess Limited’s taxable income and tax payable for the last year. (b) Determine the total amount of (i)fully franked dividends and (ii)imputation credits that the company is able to declare from its past year’s results.
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Answer 1

伯吉斯coompany有限公司是一家以石油sholesaling,去年的销售额是250万美元和销售货物的成本$ 700,000.该公司支付利息和它的20万美元的现金运营费用15万美元之间.它的折旧费用是15万美元之间.
(一)确定有限的应纳税所得额伯吉斯和应纳税额的最后一年.(b)确定的总量(我)充分商用股息和(ii),归责原则的公司可以学分宣布在从过去一年的结果.