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a)Taxable income = (25000 + 12000 + 3000)= 40000
b) Income tax
10164 x 2/20 = Shs.1016.40
10164 x 3/20 = Shs.1524.60
10164 x 4/20 = Shs.2032.80
Remaining :
9508 x 5/20 = Shs.2377
Total tax payable p.m = 6950.8 – 1162 = Shs.5788.80
Kavungya answered the question on June 19, 2019 at 09:58
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amounting to Kshs.10,480.
Using the table of taxation above:-
(a) Calculate the employee’s...(Solved)
A company employee earns a basic salary of Kshs.25,000 and is also given taxable allowances
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Using the table of taxation above:-
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Date posted: June 19, 2019. Answers (1)
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Date posted: June 19, 2019. Answers (1)
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1- 8400 ...(Solved)
Income rates for income earned were charged as follows:
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1- 8400 2
8401- 18,000 3
18,001- 30,000 4
30,000 - 36,000 5
36,001 - 48,000 6
48,001 and above 7
A civil servant earns a monthly salary of Ksh.19,200. His house allowance is Ksh12,000 per
month. Other allowces per month are transport Ksh.1300 and medical allowance Ksh.2300.
He is entitled to a family relief of Kshs. 1240 per month.
Determine:
a) (i) His taxable income per month.
(ii) Net tax. b) In addition, the following deductions were made
NHIF shs. 230
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Co-operative shares of Kshs. 1200.
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Date posted: June 19, 2019. Answers (1)
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The manager of a certain company is entitled to a monthly personal...(Solved)
Use the taxation rates in the table below to answer the questions that follow;-
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WCPS shs.800 per month and cooperative shares shs.1200 per month, calculate
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(b) Total tax per month
(c) The manager’s annual gross salary
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Date posted: June 19, 2019. Answers (1)
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In that year, Odero paid a net tax of Kshs.5,512 per month. His total monthly...(Solved)
The table below shows the income tax for a certain year;
In that year, Odero paid a net tax of Kshs.5,512 per month. His total monthly taxable allowances
amounted to Kshs.15,220 and he was entitled to a monthly personal relief of kshs.1,162.
Every month the following deductions were made;
N.H.I.F Kshs.320
Union dues Kshs.200
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Date posted: June 19, 2019. Answers (1)
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During the third, fourth and fifth year, depreciation rate is 10%. How much less will
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Date posted: June 19, 2019. Answers (1)
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1 - 325 ...(Solved)
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1 - 325 2
326 – 975 3
976 - 1300 5
1301 – 1625 6
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Mr. Misoi is a public servant who lives in a government house and pays a nominal rent of Kshs.1,220 per month. He earns a basic salary of Kshs. 24,800 and a house allowance of Kshs.12,000 per month. He is entitled to a monthly relief of kshs.1620.
(a) Calculate his monthly;
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(ii) Tax payable without relief
(iii) Tax after relief
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Calculate:- (i) the total monthly deduction made on Mr. Misoi’s income
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Date posted: June 19, 2019. Answers (1)
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(a) find the hire purchase price of the camera
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Date posted: June 19, 2019. Answers (1)
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(a) Wanyonyi earned a salary of Kshs.10,500 per month. In addition he was...(Solved)
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Find ; (i) His taxable income p.a (ii) Income tax he pays per month.
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Date posted: June 19, 2019. Answers (1)
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...(Solved)
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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%
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Date posted: June 19, 2019. Answers (1)
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Given that the...(Solved)
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Date posted: June 19, 2019. Answers (1)