Question

Mr igwe is an importer he earns a total sum of 1,200,000 in 6 month . If he pays 50kobo on every Naira how much does he pay as tax monthly?

Answer 1

Answer:

1,000 Naira per month

Step-by-step explanation:

If Mr. Igwe earns a total sum of 1,200,000 Naira in 6 months, his monthly income would be 200,000 Naira. If he pays 50 kobo on every Naira, he would pay 0.5% of his monthly income as tax. Therefore, Mr. Igwe would pay 1,000 Naira as tax every month 1.

I hope that helps! Let me know if you have any other questions.