FNSACC601 Prepare And Administer Tax Documentation For Legal Entities - Tax Assessment 13

Task 8 - Company Reconciliation

Click Pty Ltd is a resident private company and is a base rate entity. Its income statement for the year ended 30 June 2018 reveals the following information.

Required

1. Prepare a statement reconciling the accounting net profit to taxable income for the year ended 30 June 2018.
2. Calculate the company tax payable for the year ended 30 June 2018.