The table below shows the annual income tax rates for a certain year. Kiptoo earns a monthly salary of Kshs.25000. He is entitled to house and...

      

The table below shows the annual income tax rates for a certain year.
fig5319620191256.png
Kiptoo earns a monthly salary of Kshs.25000. He is entitled to house and medical allowances
of Kshs.12000 and Kshs.3000 respectively
Calculate:
(a) His taxable income per month
(b) His monthly tax payable
(c)His annual tax payable

  

Answers


Kavungya
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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