Question

Nu 198 was deducted at source each month from Ugyen's pay, but he still owes Nu 24 at the end of the year. What was his net taxable income for the year?​

Answer 1

Ugyen's net taxable income for the year is Nu 2400.

Explanation:

To determine Ugyen's net taxable income for the year, we need to consider the total amount deducted at source and the remaining amount owed at the end of the year.

Let's break down the given information:

Amount deducted at source each month: Nu 198

Amount owed at the end of the year: Nu 24

We can calculate the total amount deducted for the year by multiplying the monthly deduction by the number of months in a year:

Total deductions for the year = 198 * 12 = Nu 2376

Now, we need to find the net taxable income, which is the amount Ugyen earned before deductions. We can calculate this by adding the amount owed to the total deductions:

Net taxable income = Total deductions + Amount owed

= 2376 + 24

= Nu 2400

Therefore, Ugyen's net taxable income for the year is Nu 2400.