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24-01-2021
Mathematics

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the first 500naira of a man's income is tax free. if he pays tax on the rest at the rate of 10kobo on every naira,how much tax will he pay if he earns 2400naira as income?

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24-01-2021

Answer:

Tax on 2400 naira = 190 kobo

Step-by-step explanation:

Given that:

The first 500 naira is tax free.

Amount earned = 2400 naira

Amount to be taxed = 2400 - 500 = 1900 naira

Payable tax = 10 kobo on every naira

1 naira = 10 kobo

1900 naira = [tex]\frac{1900*10}{100}[/tex]

1900 naira = 190 kobo

Hence,

Tax on 2400 naira = 190 kobo

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