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A company makes profits of $16m after allowing £2m depreciation. The tax allowances for the year on non-current assets total $3.5m and the tax rate is 30%. What will be the total charge to profit or loss for tax? A. Current tax $4,350,000; deferred tax $450,000. B. Current tax $4,800,000; deferred tax $NIL. C. Current tax $3,750,000; deferred tax $450,000. D. Current tax $5,250,000; deferred tax $450,000 . |