15 Aman's annual salary is $45 000. His tax free allowances total $13 000. He has to pay a tax of

35% on his taxable income. The tax payable is

(A) S4 550.00

(b) $11 200.00

(C) $15 750.00

(d) $20 300.00

Question

Andrew Fletcher

Mathematics

30 March, 23:37

15 Aman's annual salary is $45 000. His tax free allowances total $13 000. He has to pay a tax of

35% on his taxable income. The tax payable is

(A) S4 550.00

(b) $11 200.00

(C) $15 750.00

(d) $20 300.00

+2

Answers (1)

Know the Answer?

Sunny · Answer 1

(A) tax = $ 11, 200

Step-by-step explanation:

Aman's annual salary = $45 000

tax free allowances total = $13 000

That is, taxable income = $45 000 - $ 13 000

= $32 000

tax = 35% of his taxable income, that is

tax = 35% 0f $32 000

tax = $ 11, 200

15 Aman's annual salary is $45 000. His tax free allowances total $13 000. He has to pay a tax of35% on his taxable income. The tax payable is(A) S4 550.00(b) $11 200.00(C) $15 750.00(d) $20 300.00

15 Aman's annual salary is $45 000. His tax free allowances total $13 000. He has to pay a tax of

35% on his taxable income. The tax payable is

(A) S4 550.00

(b) $11 200.00

(C) $15 750.00

(d) $20 300.00