Homework Answers
2016 :
As per company's books = (50000- 5000)/10 = 4500
As per tax books = 50000 *20% = 10000
Difference in 2016 = 10000 - 4500= 5500
2017:
As per company's books = (50000- 5000)/10 = 4500
As per tax books = 50000 *32% = 16000
Difference in 2016 = 16000 - 4500= 11500
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