共同学习 CPA Taxation

龙兔猪

向论坛中的筒子请教CPA Taxation中的问题
question：
For the year ending 30 June 2008, Haya Ltd has gross business income of $600 000 and expenses (all allowable deductions) of $800 000. Tax deductible contributions of $5000 to qualified charities were included in expenses. In addition to the expenses, Haya had a carry forward tax loss of $9000. There has not been a change in the ownership of Haya. What was Haya’s net tax loss for the year ending 30 June 2008?
a.$195 000.
b.$200 000.
c.$204 000.
d.$209 000

答案是？

龙兔猪

Correct response: A
In determining the current year’s tax loss:

the tax loss carried forward is ignored; and
gifts to charities cannot increase the loss.

Assessable income         600 000   
Allowable deductions      800 000   
                        (200 000)  
Less gifts                 5 000   
Current year tax loss (195 000)  

我不明白的地方是为什么 the tax loss carried forward is ignored? 难道今年是loss,以前年度的loss 就没掉了吗？
请筒子们解答。

冬菇茶

because the question is asking "the net tax loss for the year ending 30 June 2008".

the tax loss of $9k is for the year ending 30 June 2007.

If the company is making profit for the year ended 30 June 2009, the tax loss for 2007 will be net off first.

My understanding only.....

龙兔猪

What my understanding to the question is how much the net tax loss of year ending 08?
So it should be tax loss carried forward from previous years (9000) plus current year tax loss 195000=204000

龙兔猪

问题2
What is decreasing adjustment?
S27-5: No deduction is availabel for the GST component of a loss or outgoing to the extent that the taxpayer is entitled to an input tax credit or decreasing adjustment.
不太明白什么是 decreasing adjustment
书中举了个例子：
On 3 June 2007 X ltd acquires business material for 11 000, which includes 1000 gst.
If due to a late payment of the invoice, the pricd increases by 5 percent to 11 550 in July2007, the deduction for the additional consideration is 500 as the additional 50 would give rise to a decreasing adjustment (assuming the late payment increase was not a late interest penalty). X Ltd is entitled to input tax credit and the business materal is its trading stock..

酷酷奇

我的理解是
因为在08年度，这个公司没有正的NET PROFIT，所以这个9K，在这边是不可以用的。
假如在09年度，有NET PROFIT的话，就可以去OFFSET 那个ORDINARY INCOME了。

龙兔猪

好像报了taxation的筒子不多或者大家还没开始学习？

Mirage

楼主现在就开始学了?太认真了吧

按照答案来看,我觉得问题问的是current year的tax loss,不包括前面年度的

LONELYMELBOURNE

Now I understand that why CPA is so easy to pass. The question is a joke.......
But it may be a wise choice......

MangoCake

LZ已经开始学习了？我的书上个周四刚刚到，还没有打开。新年已过，看了是要开工了。

servicestream

那么积极阿？我另一门课的书也收到了，准备2，3月份再开始看。

丹儿

我记得现在应该是刚刚收到教材，lz已经开始做题目了，强。肯定hd了。
第一个问题，我觉得问题是问本财年tax loss，那么答案应该是195k。以前年度的tax loss forward，在本年loss的时候，不计入本年，但是要和本年的tax loss相加，fowward到未来财年。只有当本年时tax profit的时候，以往年度的tax loss forward才需要从本年tax profit里面扣减掉，最后计算本年的tax liability。

servicestream

这些咚咚，课本里面有例题的呀，8过我考完就忘记了

motojazz

原帖由 servicestream 于 2009-1-27 09:25 发表
那么积极阿？我另一门课的书也收到了，准备2，3月份再开始看。

how many you have done?

servicestream

原帖由 motojazz 于 2009-1-27 09:48 发表



how many you have done?

考完了2门。

ONeal

选了101和113的人

motojazz

原帖由 servicestream 于 2009-1-27 09:52 发表


考完了2门。

can you tell which 2 you did