Canada Adjusting Trial Balance


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Hi, I have attempted to complete an admiring trial balance for my school assignment. I have gotten everything but income tax. Can anyone help?
 

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Fidget

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You pay income tax on net income and your question tells you the tax rate is 30%, so you need to take your unadjusted net income of $12,600 and then include your adjustments to expenses of $6460 in total. So your adjusted net income is $12,600 - $6460 = $6140 x 30% = $1842 income tax.
 

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