tegathankgod18 tegathankgod18
  • 18-01-2024
  • Mathematics
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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?

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morninglover
morninglover morninglover
  • 18-01-2024

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.

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