princekofiankrahsago princekofiankrahsago

18-03-2022
Mathematics

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Mr Asiedu earns an annual salary of GH6000.00. His total allowances is GH2000.00.How much tax does he pay if the rate of tax is 15%

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haronprof haronprof

20-03-2022

Answer:

GH 1200

Step-by-step explanation:

Salary = GH6000

Allowances= GH2000

Taxable income = (Salary + Allowances)

Taxable income = GH6000 + GH2000

=GH8000

Tax rate = 15%

Tax = GH8000 X 15/100

= GH 1,200

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