Question
- At the end of 2019 Mustafa left ABC Company, which is an Egyptian company, after spending many years with it. At the end
- At the end of 2019 Mustafa left ABC Company, which is an Egyptian company, after spending many years with it. At the end of 2019 Mustafa calculates all the amounts that he received during the year 2019 as follows: Commissions 100,000 Salaries 140,000 Share in distribution of net profit of the company 130,000 Severance pay (End of Service) 100,000 Performance bonuses 24,000 Travel allowance Social insurance subscriptions Overtime wage Grants 6,000 4,298 3,000 10,000 Meals provided to all employees 5,000 Food allowance 4,000 Phone at full personal disposal 8,000 Housing allowance 9,000 Monthly Special increment 200 Tools and clothes for Mustafa necessary for 1,000 performing the work Total Compensation 546,698 In 2019, what is Mustafa net taxable income?
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