Aylin Selin has a small shop selling clothes and shoes. Her commercial income in the year 2022 amounted to TL 300,000. She incurred the following expenses throughout the year. Rent Expense TL 60,000 Salaries Expense: TL 36,000 Tax Penalty: TL 2,000 Depreciation Expense of Office Furniture: TL 10,000 Cash withdrawal by the owner: TL 8,000 Compute her taxable income (tax base) and the amount of income tax to be paid for the year 2022.

Aylin Selin has a small shop selling clothes and shoes. Her commercial income in the year 2022 amounted to TL 300,000. She incurred the following expenses throughout the year. Rent Expense TL 60,000 Salaries Expense: TL 36,000 Tax Penalty: TL 2,000 Depreciation Expense of Office Furniture: TL 10,000 Cash withdrawal by the owner: TL 8,000 Compute her taxable income (tax base) and the amount of income tax to be paid for the year 2022.

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter3: Income Sources

Section: Chapter Questions

Problem 78P

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