Question

Mr Asiedu earns an annual salary of GH6000.00. His total allowances is GH2000.00.How much tax does he pay if the rate of tax is 15%​

Answer 1

GH 1200

Explanation:

Salary = GH6000

Allowances= GH2000

Taxable income = (Salary + Allowances)

Taxable income = GH6000 + GH2000

=GH8000

Tax rate = 15%

Tax = GH8000 X 15/100

= GH 1,200