This is a taxation question Q13 ABC (S) Pte Ltd, incorporated in 2010, is in...
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Accounting
This is a taxation question
Q13
ABC (S) Pte Ltd, incorporated in 2010, is in the business of manufacturing tyres. For the year ended 31 December 2020, the company's net profit of $100,000 included the following, in addition to the profit from sale of tyres: Interest income from OCBC Bank $5,000 Dividend income from DBS Bank $3,000 Rental from investment property $20,000 What is ABC's taxable income for the Year of Assessment 2021?
Group of answer choices
a) $100,000
b) $97,000
c) $92,000
d) None of the above
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