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The following information relates to ABC Limited for the year ended 30 June 2022. ...

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Accounting

The following information relates to ABC Limited for the year ended 30 June 2022.
Accounting profit before income tax (after all expenses have been included) $650000
Fines and penalties (not tax deductible) $ 24000
Depreciation of plant (accounting) $ 80000
Depreciation of plant (tax) $ 90000
Long-service leave expense (not a tax deduction until the leave is paid) $34000
Income tax rate 30%
No employee has been paid long-service leave in the current year. On the basis of this information the current tax liability is:

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