A man has a wife with six children and
his total income in 1988 was $8500. He was allowed the following free of tax.
Personal=$1200
Wife=$300
Each child=$250 for a maximum of 4
Dependant Relatives=$400
Insurance=$250

The rest was taxed at the 10%
Calculate;
(i) His total allowed tax
(ii) his monthly taxable income (iii) his net monthly Pay
(iv) his income tax

Respuesta :

Answer:

[tex]i)10\% \: of \: 8500 \\ = \frac{1}{10} \times 8500 \\ = 850 \: was \: his \: tax[/tex]

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