Demonstrate the calculation process to determine Racing Parts Pty Ltd’s

| February 8, 2018

Demonstrate the calculation process to determine Racing Parts Pty Ltd’s taxable income and tax payable for the year ended 30 June 2018.
Note – You must give reasons for your inclusion or exclusion of any of the above listed items. If you fail to explain your inclusion or exclusion of any item, you will lose marks.
For example: $1,000 Tax Agent’s Fees – s 25-5 and a brief discussion of the law in this context

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