Beta Limited Has an Accounting Profit Before Tax of €200

Multiple Choice

Beta Limited has an accounting profit before tax of €200 000. All of the following items have been included in the accounting profit: depreciation of equipment €30 000 (tax deductible depreciation is €20 000) ; entertainment expenses €15 000 (non-deductible for tax purposes) ; Long service leave expense provided €6000 (no employee took long service leave during the year) . The tax rate is 30%. The amount of current tax liability is:

A) €81 300;
B) €50 700;
C) €69 300;
D) €38 700.