Sam Kofi Alanto, the General Manager of Obey Industries Ltd has been on a salary scale of GHC 18,000 X 6,000- GHC 54,000 per annum since July 2009. He contributes 5.5% of his salary to the Social Security Scheme. In the year 2011, Mr Alanto received an amount of GHC 2,280 from his investments in France where he served as Deputy Manager of Sounds Ltd before coming. A tax of GHC 720 has been withheld in France. Ghana has a double taxation agreement with France. 

Required: 

Determine the Tax Credit Relief(if any) due to Mr. Alanto in the year 2011. 

The following tax rates are applicable: 

GHC                 RATES        % 

First                1,008.00     NIL 

Next                 240.00          5 

Next                720.00          10 

Next             14,232.00       17.5 

Exceeding   16,200.00       25

Answer rating: 100% (QA)

Year Salary Other Total 2009 18000 18000 2010 24000 240... View the full answer