{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/64d489cb8384d300118a5574/65f859111513960017059745?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"4. (Tax) MCQ Time","description":"<p>A business made a total turnover of £450,000 in the 2023/24 accounting period, with deductible expenditure of £115,000 and total capital allowances of £12,000. The total capital gains, after all applicable deductions, was £100,000. The business has a £26,000 trading loss to carry forward from last year. There were no other losses in the accounting period. </p><p><br></p><p>What is the business’s total taxable profit for the 2023/4 accounting period?</p><p><br></p><p>A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;£397,000</p><p>B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;£423,000</p><p>C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;£75,430</p><p>D.&nbsp;&nbsp;&nbsp;&nbsp;£409,000</p><p>E.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;£197,000</p>","author_name":"Devil's Advocate "}