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  • Calculating taxable income

    The steps for calculating taxable income, as discussed in Taxable income and mutuality, are:

    1. Classify revenue
    2. Classify expenditure
    3. Separate the apportionable items
    4. Calculate the taxable income

    We provide two worked examples of how to calculate taxable income:

      Last modified: 04 Dec 2018QC 23099