29. A construction company has grown income of 8 million dollars. All expenses except capital expenditure is 4.2 million. Depreciation allowance is $100,000. What is taxable income?
a. $4.3 million
b. $3.4 million
c. $3.7 million
d. $7.3 million
30. Use Question 29. What is the amount of tax?
a. $1.258 million
b. $2.158 million
c. $5.128 million
d. $8.125 million