(a) taxable income = Kshs. 25000 + Kshs.10480
= Kshs. 35480
b) tax charged:
1st 4350 = 4350 x 2/20 = 683.25
2nd 4555 = 4555 x 3/20 – 683.25
3rd 4555 = 4555 x 4/20 – 911
4th 4555 = 4555 x 5/20 - 1138.75
Rem. 17465 = 17645 x 6/20 – 5239
Total tax – 8407.5
800.00
7607.50
(c) 40/100 x 35480 – 14.192 = 49672
New income = 35480 + 14192 = 49672
Remainder = 49672 – 18015 = 31657
Tax charged = 31657 x 6/20 =12665.1
Total tax = 12665.1
% increase in income ax = 4257.6 x 100
7607.5 = 55.97%
Kavungya answered the question on June 19, 2019 at 09:55
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