help..!! Business Tax please

sgafo
sgafo Registered Posts: 21 Dedicated contributor ? ? ?
Hi,

Can anyone help me please I'm stuck on the following question 2.4 It's from the CBA Business Tax (BTX)
1 FA (2) 2010 exam on the aat website.
Please please don't ignore :crying:
i want to know how did they get the answers



attachment.php?attachmentid=371&d=1354053598

Comments

  • Clintm15
    Clintm15 Registered Posts: 248 Dedicated contributor ? ? ?
    The answers are correct. What is the question?
    AAT
    Level 2 - 2011
    Level 3 - 2012
    Level 4 - 2013

    ACCA
    F4 - Corporate Law - Dec 2015 (passed)
    F5 - Performance Management - Dec 2014 (passed)
    F6 - Taxation - Dec 2013 (passed)
    F7 - Financial Reporting - Jun 2014 (passed)
    F8 - Audit & Assurance - Dec 2015 (passed)
    F9 - Financial Management - Jun 2015 (passed)
  • Spamkebab
    Spamkebab Registered Posts: 233 ? ? ?
    Why are you studying the 2010 exam?

    This could be confusing as your text should be 2011/2012
  • sgafo
    sgafo Registered Posts: 21 Dedicated contributor ? ? ?
    ok can you show me how to get the answers because i don't know how please
    Clintm15 wrote: »
    The answers are correct. What is the question?
  • sgafo
    sgafo Registered Posts: 21 Dedicated contributor ? ? ?
    come on guys i need help over here please :glare:
  • mupp
    mupp Registered Posts: 12 Regular contributor ⭐ ? ⭐
    Gain 18000-4900 is 13100. Take off exempt value of 10100, that leaves you with 3000. You can use the loss carried forward(3900). As its more than the gain, you can still c/f 900 difference.

    Gain 12600-3900 is 8700. Take off exempt amount, as its more than ur gain, u use the value needed to break even -8700. As no previous years loss was needed u can still c/f 2080
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