. . 5. Your friend informs you that he has prepared the following income...
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5. Your friend informs you that he has prepared the following income statement for his company and wants your opinion as a tax expert on what he has prepared What would you tell your friend and how will the income statement change (if applicable) impact the tax of the company (approximate to the nearest pound). 6. The following are taxable net income (loss) for one of the taxpayers for the years 2015 and 2016 Required: Calculate the net taxable income for 2015 , and 2016 ? Needed information for answering the questions American Single Taxpaver tax rate schedules - Personal Individual Exemption in the USA is $20,000 Personal Individual Exemption for employees only is 7,000 Egyptina Pounds General VAT tax rate is 14%
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