The table below shows the rate at which income tax is charged for all taxable income. ...

      

The table below shows the rate at which income tax is charged for all taxable income.
INCOME RATE IN EXCH TWENTY SHILLINGS
On the first shs.116 160 10%
On the next shs.109 440 15%
On the next shs.109 440 20%
On the next shs.109 440 25%
On all income over shs.444 480 30%
Mr. Nyongesa earns a basic salary of sh.54, 450 per month. He is housed by the company and therefore 15% of his monthly salary is added to the basic salary as a taxable income. He is also given taxable medical and transport allowances of shs.4,000 and shs.2,000 per month respectively. He is entitled to a family relief of sh.1, 100 per month.
(a) Calculate Nyongesa’s annual taxable income
(b) Calculate his monthly P.A.Y.E after the relief
(c) If 20% of his basic salary goes towards deductions, determine his monthly income.

  

Answers


Kavungya
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Kavungya answered the question on June 19, 2019 at 08:58


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