math assignment - online

1) a) total reliefs = $(3000+2500+2600+2600)
= $10700
b) chargeable income = $(40900-10700)
= $30200
c) 2/100 x $9000 = $180
5/100 x $21200 = $1060
Income Tax = $(1060+180)
= $ 1240
d) 1240/30200 x 100 = 4.10596…%
= 4.11%

2) i) total reliefs = $(3000+1000+2000+2000+9600)
= $17600
ii) chargeable income = $([4000 x 12] – [17600])
= $30400
iii) tax payable = 12/100 x $30400
= $3648

3) $(40000-3000-1500-1500) = $34000
10/100 x $10000 = $1000
15/100 x $24000 = $3600
income tax = $1000+3600
= $4600