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

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

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