John is working at Vanimo, and his basic salary is K4200 per fortnight. Housing is provided K2000
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Question:
John is working at Vanimo, and his basic salary is K4200 per fortnight. Housing is provided K2000 rental per week. The car is provided with fuel. Annual bonus K26000. Gratuity 40% of basic pay. School fees for 2 dependents are K30000 per annum. Two-way tickets are K15000 per annum. Superannuation is 18% of basic pay. Entertainment allowance K150 per week.
Calculate:
- Taxable fortnight salary
- Net Tax Payable
Related Book For
Canadian Income Taxation Planning And Decision Making
ISBN: 9781259094330
17th Edition 2014-2015 Version
Authors: Joan Kitunen, William Buckwold
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