9. The table below shows the rates of taxation in a certain year. Income in KEPa...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
9. The table below shows the rates of taxation in a certain year. Income in KEPa Rate in Ksh per K 2. 3. 1 - 3900 3901 - 7800 7801 - 11700 11701-15600 15601-19500 4 5° 7. 9 مرا 200x1 300x13 3600 ABOVE 19500 that In the period, Juma was earning a basic salary of sh 21, 000 per month. In addition, he was entitled to a house allowance of Ksh 9000 p.m. and personal relief of Ksh 105 p.m. he also has an insurance scheme for which he pays a monthly premium of ksh 2000. He is also entitled to a relief on premium at 15% of the premium paid. a) Calculate how much income tax Juma paid per month (7mks) b) Juma's other deductions per month were cooperative society contributions of 2000 and a loan repayment of 2500. Calculate his net salary per month 9. The table below shows the rates of taxation in a certain year. Income in KEPa Rate in Ksh per K 2. 3. 1 - 3900 3901 - 7800 7801 - 11700 11701-15600 15601-19500 4 5° 7. 9 مرا 200x1 300x13 3600 ABOVE 19500 that In the period, Juma was earning a basic salary of sh 21, 000 per month. In addition, he was entitled to a house allowance of Ksh 9000 p.m. and personal relief of Ksh 105 p.m. he also has an insurance scheme for which he pays a monthly premium of ksh 2000. He is also entitled to a relief on premium at 15% of the premium paid. a) Calculate how much income tax Juma paid per month (7mks) b) Juma's other deductions per month were cooperative society contributions of 2000 and a loan repayment of 2500. Calculate his net salary per month
Expert Answer:
Related Book For
Understanding Business Statistics
ISBN: 978-1118145258
1st edition
Authors: Stacey Jones, Tim Bergquist, Ned Freed
Posted Date:
Students also viewed these mathematics questions
-
The table below shows unemployment rates and government debt ratios (debt/GDP) for four selected countries a. Compute the covariance. b. Compute the correlation coeffcient and indicate what...
-
The table below shows ratings of 18 movies by two reviewers (on a 0 to 5 scale using half (increments). Research question: At = .05, based on these data, is the rank correlation between reviewers...
-
The table below shows the winning times (in minutes) for men and women in the New York City Marathon between 1978 and 2013. (The race was not run in 2012 because of Superstore Sandy.). Assuming that...
-
Consider two industries in which firms hold the following market shares: Industry A: 25%, 20%, 18%, 15%, 8%, 7%, 4%, 2%, 1% Industry B: 30%, 10%, 9%, 8%, 8%, 8%, 8%, 6%, 6%, 5%, 2% What are the...
-
Describe the mistakes that the Chamber has made since the implementation of the Unitrak softwarei.e., since the Midsouth Chamber of Commerce (A) case study. What should they have done differently? As...
-
The directors of Mylo Ltd are currently considering two mutually exclusive investment projects. Both projects are concerned with the purchase of new plant. The following data are available for each...
-
Find an article that discusses ethics and the use of social media by paralegals.
-
In 2010, Grand Falls Bank (GFB) had $4,000,000 in business loans at an average interest rate of 3.5 percent as well as $3,200,000 in consumer loans with an average rate of 8 percent. GFB also has...
-
Molly is single and operates an athletic training business where she specializes in working with basketball and volleyball players. Her business operates on the calendar year and uses the cash method...
-
Muscle Pro is a (fictional) public company engaged in selling protein powders and other performance-enhancing supplements. In 20x2, Muscle Pro was sued by a supplier alleging that Muscle Pro did not...
-
Find the value of the remaining four trigonometric functions 1) sin=4/5, cos = -3/5 2) sin=-1/3, cos = 22/3
-
Identify conditions under which the duty to pay child support commonly terminates. Under what kinds of circumstances might the duty of support continue?
-
BlackBerry Ltd. has a target current ratio of 2.0 but has experienced some difficulties financing its expanding sales in the past few months. At present, the firm has current assets of $750,000 and a...
-
Describe key components of the U.S. financial market system?
-
Distinguish between child support and spousal support.
-
A tray tower providing six equilibrium stages is used for stripping ammonia from a wastewater stream by means of countercurrent air at \(1 \mathrm{~atm}\) and \(300 \mathrm{~K}\). Calculate the...
-
Current price the company would have to pay to replace existing assets. It is the current market value in buyer's perspective. Select one: True False
-
Nate prepares slides for his microscope. In 1 day he prepared 12 different slides. Which equation best represents y, the total number of slides Nate prepares in x days if he continues at this rate? A...
-
The average number of online orders for Packard Espinosa Electronics is 258 per day. In a sample of 30 Tuesdays, the average number of orders was 289. If you were to use the sample average in a...
-
You have selected a sample to use in testing a null hypothesis that Factor X and Factor Y are independent. Your job is to fill in the missing frequencies in the partially completed frequency tables...
-
Vannex Inc. has received two large shipments of bluray amplifiers, one from supplier A and one from supplier B. You have tested a sample of 14 amplifiers from each shipment to determine if there is a...
-
Which inventory costing method results in the lowest net income during a period of rising inventory costs? a. Specific-unit cost b. First-in, first out (FIFO) c. Weighted-average cost d. None of the...
-
Review the following data: Which of the following depicts the proper account balance after the application of the lower-of-cost-and-netrealizable-value rule? a. Cost of goods sold will be \(\$...
-
Describe how lists are used in QuickBooks Accountant.
Study smarter with the SolutionInn App