Calculate the total tax payable and tax relief based on the provided financial data for Love Se Kike Ltd.

Here are the calculations for the Total Tax Payable and the Company Withholding Tax (CWT) percentage, based on the information provided in the image.

Part 1: Calculation of Total Tax Payable for Love de Kile Ltd

Step 1: Calculate the Adjusted Profit. The adjusted profit is found by adding depreciation and "Forex tax" to the net profit. $Net Profit = \$7,486,000$ $Add: Depreciation = \$790,000$ $Add: Forex Tax = \$3,020,000$ $Adjusted Profit = \$7,486,000 + \$790,000 + \$3,020,000 = \$11,296,000$

Step 2: Calculate the Taxable Profit. The taxable profit is determined by subtracting the capital allowance from the adjusted profit. $Adjusted Profit = \$11,296,000$ $Less: Capital Allowance = \$2,900,000$ $Taxable Profit = \$11,296,000 - \$2,900,000 = \$8,396,000$ Note: The capital allowance of \2,900,000$ is shown to be composed of LC (Local Component) and FC (Foreign Component) on the whiteboard.

Step 3: Calculate the Tax at 30%. The tax before any relief is calculated as 30% of the taxable profit. $Taxable Profit = \$8,396,000$ $Tax Rate = 30\%$ $Tax at 30\% = \$8,396,000 \times 0.30 = \$2,518,800$

Step 4: Calculate the Total Tax Payable. The total tax payable is found by subtracting the double tax relief from the tax calculated at 30%. $Tax at 30\% = \$2,518,800$ $Less: Double Tax Relief = \$1,203,084$ $Total Tax Payable = \$2,518,800 - \$1,203,084 = \mathbf{\$1,315,716}$

Part 2: Calculation of Company Withholding Tax (CWT) Percentage

Step 1: Identify the Tax Paid and Taxable Income for CWT calculation. From the provided calculations on the whiteboard: $Tax Paid = \$3,020,000$ $Taxable Income = \$8,020,557$

Step 2: Calculate the CWT percentage. The CWT percentage is calculated using the formula: $CWT = \frac{Tax Paid}{Taxable Income} \times 100\%$ $CWT = \frac{\$3,020,000}{\$8,020,557} \times 100\%$ $CWT \approx 0.376533 \times 100\%$ $CWT \approx \mathbf{37.65\%}$