Mr. Stephen Bakoma was appointed on a salary scale of GH13,200 per annum with effect from 1st

Fantastic news! We've Found the answer you've been seeking!

Question:

Mr. Stephen Bakoma was appointed on a salary scale of GH₵13,200 per annum with effect from 1st August 2020.He contributes 5.5% of his basic salary to the Social Security scheme.As part of his conditions of service he was provided with a furnished accommodation and a vehicle with fuel. Other entitlements to Mr.Bakoma are as follows:

1. Responsibility allowance GH₵250 per month

2. Utilities GH₵500 per month

3. Entertainment allowance GH₵100 per month

He has 3 wives and nine children. Five of his children are public second cycle institutions and the rest are in the universities at various levels.

REQUIRED.

Calculate his tax liability for the 2020 year of assessment

Posted Date: Nov 28, 2021 02:59 PM

See More Questions

Amirs projected tax liability for the current year is $23,000. Although Amir has substantial dividend and interest income, he does not pay any estimated taxes. Amirs withholding for January through...
Calculate the tax liability for Cadence and Clark Carter for this year based on the following information. Show all your work: Cadence and Clark Carter file married joint. Information for 2020:...
With greater frequency, organizations are issuing corporate social responsibility (CSR) reports that describe how they are engaging in socially responsible activities. Many believe that users will...
Francis and Peter are in a partnership sharing profits and losses in the ratio 3:2. The following is their trial balance as at 30 September 2020. particulars D ebit C redit Buildings (cost: RM...
Given a sample correlation coefficient r = .373 with n = 30, can you reject the hypothesis = 0 for the population at = .01? Explain, stating the critical value you are using in the test.
Barbara Ripley and Fred Nichols decide to organize the ALL-Star partnership. Ripley invests $15,000 cash, and Nichols contributes $10,000 cash and equipment having a book value of $3,500. Prepare the...
Discuss the importance of duty to warn for behavioral health professionals.
Vidi Corporation made the following purchases related to its property, plant, and equipment during its fiscal year ended December 31, 2014. The company uses the straight-line method of depreciation...
Image transcription text 1. A cylindrical specimen of cold-worked copper (see Fig. below) has experienced a ductility of 25%EL. If its cold worked radius is 10 mm, what was its radius before...
Construct a rough retirement budget. Adjust the average social security check of $1,422 at 2% inflation until your retirement date. Do the same with your expenses. Determine the difference between...
how costs will be reported throughout the project, how the reports will be sent, what the reports will cover, and what the reporting frequency will be.
Explain why a case alleging a breach of contract, such as Guilmet v. Campbell, might be easier to prove than a standard case alleging negligence.
Suppose that the two nations in Problems 31-1 and 31-2 choose to specialize in producing the goods for which they have a comparative advan- tage. They agree to trade at a rate of exchange of 1 pastry...
Which of the following statements is correct (where $\mathbf{F}$ is a continuously differentiable vector field defined everywhere)? (a) The flux of $\operatorname{curl}(\mathbf{F})$ through all...
Use the Divergence Theorem to evaluate the flux $\iint_{\mathcal{S}} \mathbf{F} \cdot d \mathbf{S}$. $\mathbf{F}(x, y, z)=\left\langle x^{2}-z^{2}, e^{z^{2}}-\cos x, y^{3}ightangle, \mathcal{S}$...
The curl of a vector field $\mathbf{F}$ at the origin is $\mathbf{v}_{0}=\langle 3,1,4angle$. Estimate the circulation around the small parallelogram spanned by the vectors...
A roller coaster moves in different curves as it goes through the bumps in its track. We can easily analyze the forces at any point in the ride, by drawing a circle that matches up with the track at...
Independent random samples of sizes n1 = 30 and n2 = 50 are taken from two normal populations having the means 1 = 78 and 2 = 75 and the variances 21 = 150 and 22 = 200. Use the results of Exercise...
If the angle between vectors $\vec{A}$ and $\vec{B}$ is $110^{\circ}$ and if $A=1.7 \mathrm{~N}$ and $B=2.0 \mathrm{~m}$, what is the value of $\vec{A} \cdot \vec{B}$ ?
You throw a textbook to a friend who is at their dormitory window $2.2 \mathrm{~m}$ above you. You are standing $4.0 \mathrm{~m}$ away from the building and your throw is perfectly made such that...
A force $\vec{F}=F_{x} \hat{\imath}+F_{y} \hat{\jmath}$ with $F_{x}=50 \mathrm{~N}$ and $F_{y}=12 \mathrm{~N}$ is exerted on a particle as the particle moves along the $x$ axis from \(x=1.0...

Mr. Stephen Bakoma was appointed on a salary scale of GH13,200 per annum with effect from 1st

Question:

Expert Answer:

From the above information provided Mr Stephen Bak oma wil... View the full answer

Students also viewed these mathematics questions