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Company Squeeze pay profit tax by using the anticipatory profit tax system. Knowing the following...

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Accounting

Company Squeeze pay profit tax by using the anticipatory profit tax system. Knowing the following information, compute the profit tax payable for the first quarter of 2020:

Profit 2019 70,000

Revenues Q1 2020 50,000

Expenses Q1 2020 10,000

Inflation rate 106%

Choose an option:

a). 6,400

b) 6,784 lei

c) 17,500 lei

d) 18,550 lei

This is under romanian taxation

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