Anyone earning an income of K4500 or less is exempt from paying income tax. Explain the principle

Fantastic news! We've Found the answer you've been seeking!

Question:

Anyone earning an income of K4500 or less is exempt from paying income tax. Explain the principle behind the tax thresh hold that makes governments exclude some categories of workers from paying income tax.

Related Book For answer-question

Manufacturing Processes for Engineering Materials

ISBN: 978-0132272711

5th edition

Authors: Serope Kalpakjian, Steven Schmid

See More Books

Posted Date: Mar 25, 2024 07:49 AM

See More Questions

Explain the meaning of the terms emoluments, employments and office for the purposes of PAYE as you earn systems. 2. Explain the actual receipts basis of assessing the emoluments from the employment...
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
Googles ease of use and superior search results have propelled the search engine to its num- ber one status, ousting the early dominance of competitors such as WebCrawler and Infos- eek. Even later...
Operating Rules. Indicate whether the following statements are true or false. If the statement is false, explain why. a. Since most corporations make distributions only when they are profitable and...
Overheard at the water cooler: "The demand and cost estimates that were provided at the meeting are very useful [Q = 90 - 6.5P and TC = 150 + 3.5QJ. Unfortunately, what we didn't realize at the time...
An experiment done in such a way that neither the subjects nor the researchers know which subjects are in the treatment group and which are in the control group is called: A. Double barreled. B....
CGI Federal, Inc., is a corporation that provides a number of services to the United States Passport Agency, included the processing of passport application. Passport applicants must submit sensitive...
Glendo Farm Supply Company manufactures and sells a pesticide called Snare. The following data are available for preparing budgets for Snare for the first 2 quarters of 2013. 1. Sales: Quarter 1,...
Assume the numbers in the diagram correspond to an area, A, in the bounded region in which they are contained. 1 9 8 2 4 5 3 What numbers make up the intersection of the circle, triangle, and square?
Prepare the following adjusting entries as of December 31, 20xx. Please note that you only need to JOURNALIZE the adjusting entries. Wages of $8,000 are earned by workers but not paid as of December...
12. A 300 Hz tuning fork produces a fundamental (n=1) standing wave above a closed end tube. What is the length of the tube?
What do you believe to be the most common reason for why some risks are not identified in projects? Why is that? Also include a situation in your place of work or daily life where a serious incident...
Some historic figures for US inflation and unemployment are presented here: Year Inflation Rate (%) Unemployment Rate (%) 1996 3.0 5.4 1997 2.3 4.9 1998 1.6 4.5 1999 2.2 4.2 2000 3.4 4.0 2001 2.8 4.7...
46. Explain the Reason for each Factor outlined below, based on the following statement. When deciding on an appropriate dress code, most organizations take into consideration a. the business's...
What is a customer-centric environment and why is it important in todays world? What are four communication channels through which companies view their customers and provide a real-life example for...
You are in charge of the economy of a small country undergoing an economic downturn. Your only choices to impact the economy are to change the tax rate or change the money supply (in this you can...
A company has the following incomplete production budget data for the first quarter: In the previous December, ending inventory was 200 units, which was the minimum required, at 10% of projected...
A function $f\left(x_{1}, x_{2} ight)$ of two variables $x_{1}$ and $x_{2}$ is given by a. Multiply the matrices and express $f$ as a polynomial in $x_{1}$ and $x_{2}$. b. Determine the...
A function $f(x, y, z)$ of $x, y$, and $z$ is defined as a. Multiply the matrices and express $f$ as a polynomial in $x, y$, and $z$. b. Write down the three equations necessary to find...
Solve the matrix equation $[\mathbf{K}]\{\mathbf{Q}\}=\{\mathbf{F}\}$ using forward reduction and backward substitution, where, 5-10 [K] = -13-1 0-1 1 {F}= 0

Anyone earning an income of K4500 or less is exempt from paying income tax. Explain the principle

Question:

Expert Answer:

The principle behind the tax threshold which excludes certain categories of workers from paying inco... View the full answer

Manufacturing Processes for Engineering Materials

Students also viewed these economics questions