Mrs. Muta earns K£ 12000 p.a. and is housed by the employer at a nominal rent of shs. 1200 p.m. She is entitled to a...

      

Mrs. Muta earns K£ 12000 p.a. and is housed by the employer at a nominal rent of shs. 1200 p.m. She is entitled to a personal relief of K£ 1320 p.a. and a premium relief of 10% on her insuarance premium of K£ 800 p.a. or a maximum of shs. 200 p.m. The housing benefit is 15% of the salary.
fig4324920191158.png
Calculate;
(a)Net tax p.a.
(b)Other deductions include;
W.C.P.S shs. 600 p.m.
NHIF shs. 500 p.m.
Calculate her net pay per month.

  

Answers


Kavungya
a)Taxable income = (12000 + 1800) – 720 = 13800 – 720
= K£ 13080 p.a.

2100 × 10% = 210
2100 × 15% = 315
2100 × 20% = 420
2100 × 25 % = 525
4680 × 30% = 1404
Gross tax = K£ 2874 p.a

Net tax = 2874 – 1320 – 80
= K£ 1474 p.a.
fig4424920191200.png
Kavungya answered the question on September 24, 2019 at 09:01


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