Income tax is charged on annual income at the rates shown below. A certain headmaster earns a monthly salary of Ksh. 8570. He is housed in...

      

Income tax is charged on annual income at the rates shown below.
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A certain headmaster earns a monthly salary of Ksh. 8570. He is housed in the school and as a result, his taxable income is 15% more than his salary. He is entitled to a family tax relief of Kshs. 150 per month.
(a) How much tax does he pay in a year.
(b) From the headmaster’s salary the following deductions are also made every month;
W.C.P.S 2% of gross salary
N.H.I.F Kshs. 20
House rent, water and furniture charges Kshs. 246
Calculate the headmaster’s net salary.

  

Answers


sharon
Taxable income 115/100 x 8570 = 9855.50
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sharon kalunda answered the question on August 28, 2019 at 13:43


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