Question

15 Aman's annual salary is $45 000. His tax free allowances total $13 000. He has to pay a tax of
35% on his taxable income. The tax payable is
(A) S4 550.00
(b) $11 200.00
(C) $15 750.00
(d) $20 300.00

Answer 1

Answer:

(A) tax = $ 11, 200

Step-by-step explanation:

Aman's annual salary = $45 000

tax free allowances total =  $13 000

That is , taxable income  = $45 000 - $ 13 000

                                        = $32 000

tax = 35% of his taxable income , that is

tax = 35% 0f $32 000

tax = $ 11, 200