Mr. Alex an employee of Bidii company Ltd received income in 2022 as follows: Basic salary...
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Mr. Alex an employee of Bidii company Ltd received income in 2022 as follows: Basic salary of Sh.550,000 p.a A day and night watchman whose salaries were Sh.5,000 p.m. and Sh.6,500 p.m. respectively. Furniture was also provided at cost of Sh.280,000 A car of 2000 cc whose initial cost was Sh.1,400,000 was provided for his personal use. The company paid his telephone bills averaging Sh.4,000 p.m. He was granted free company products valued at Sh.3,500 p.m. Calculate his taxable income and tax payable Mr. Alex an employee of Bidii company Ltd received income in 2022 as follows: Basic salary of Sh.550,000 p.a A day and night watchman whose salaries were Sh.5,000 p.m. and Sh.6,500 p.m. respectively. Furniture was also provided at cost of Sh.280,000 A car of 2000 cc whose initial cost was Sh.1,400,000 was provided for his personal use. The company paid his telephone bills averaging Sh.4,000 p.m. He was granted free company products valued at Sh.3,500 p.m. Calculate his taxable income and tax payable
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SOLUTION To calculate Mr Alexs taxable income we need to add up all the income he received during th... View the full answer
Related Book For
Auditing An International Approach
ISBN: 978-1259087462
7th edition
Authors: Wally J. Smieliauskas, Kathryn Bewley
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