Heymath Assignment

1.a)totalrelief=3000+2500+2600+2600 =$10700 b)chargeable income=40 900-10 700
=$30200 c)first $9000@ 2% 2/100×9000=$180 next 21 200 at 5% 5/ 100×21 200=$1060
Income tax=1060+180 =$1240
d)1240/30 200×100%=4.10596%
=4.11%
2.i)total relief=3000+1000+2000+4000+9600=$19 600
ii)chargeable income=48 000-19 600=$28 400
iii) 12/100× 28 400=$3 408
3. chargeable income=40000-3000-2000-3000=$32 000
First 10 000 at 10% 10/100×10 000=$1000
Next 22 000 at 15% 15/100×22000=$3300
Therefore, total income tax=3300+1000
=$4300