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2. Mr. Brown's gross salary is $185,000 per month. Given that the income tax threshold is $125,008 and that his monthly deductions are as follows:
2. Mr. Brown's gross salary is $185,000 per month. Given that the income tax threshold is $125,008 and that his monthly deductions are as follows: NIS payments of 2.75%; Income tax (25%); NHT contributions (2% of gross salary); Education Tax payments (2.25% of statutory income). (a) Construct a pay advice for Mr. Brown outlining each deduction. [10 marks] (b) Determine his net salary? [2 marks]
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Wiley CPAexcel Exam Review Focus Notes Auditing And Attestation 2022
Authors: Wiley
1st Edition
111984858X, 978-1119848585
