FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

From the information below concerning an employed Kenyan on a pension scheme, calculate the chargeable pay, tax charged and PAYE for the individual. (9 marks)

From the information below concerning an employed Kenyan on a pension scheme, calculate the chargeable pay, tax charged and PAYE for the individual. (9 marks) Description AMOUNT Basic Pay 63,562 ALLOWANCE Housing Amount 39,675 Commuting Allowance 10,000 Gross Pay 113,237 TAX CALCULATIONS Defined Contributions 200 Provident Fund 6,156.2 Taxable Pay ??? Tax Charged ??? Personal Relief 1,408 STATUTORIES N.S.S.F 200 N.H.I.F 1,700 P.A.Y.E ???

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Capital Budgeting

Capital Budgeting

Authors: Pamela P. Peterson

1st Edition

0471218332, 9780471218333

More Books

Students also viewed these Finance questions

Question

★★★★★
The shape of y = x2, but reflected across the x-axis and shifted right 8 units Write an equation for a function that has a graph with the given characteristics.

Answered: 1 week ago

Question

★★★★★
Describe the fundamental concepts related to the time value of money.

Answered: 1 week ago

Question

★★★★★
Describe the four kinds of feminism discussed in this chapter. How are the similarities perspective and the differences perspective (with respect to gender comparisons) related to those four kinds of...

Answered: 1 week ago

Question

★★★★★
In a multiple regression with four explanatory variables and 100 observations, it is found that SSR = 4.75 and SST = 7.62. a. Calculate the standard error of the estimate. b. Calculate the...

Answered: 1 week ago

Question

★★★★★
Anyone could explain this java class step by step? thanks in advance! public class Customer { private static int latestUid = 1000; private String name; private long idNr; private int uid; /** *...

Answered: 1 week ago

Question

★★★★★
Wiko Corporation has two departments, kids and adults. The company's most recent monthly contribution format income statement follows: Sales Viable expenses Contribution Margin FedExpenses Net...

Answered: 1 week ago

Question

★★★★★
Crane Energy Company is erecting an oil platform off the coast of Texas. Crane is legally required to dismantle and remove the platform at the end of its 1 0 - year useful life. Crane estimates...

Answered: 1 week ago

Question

★★★★★
You noted: "If an executive leader can articulate a compelling vision that captures a broad spectrum of organizational members' hearts, then they will be able to better understand the subsequent...

Answered: 1 week ago

Question

★★★★★
The project is to create a stock trading system where users can buy and sell stocks. The system will support two types of users. One is the customer who will buy and sell stocks and second is the...

Answered: 1 week ago

Question

★★★★★
The TechAide Company produces and sells 7,000 modular computer desks per year at a selling price of $750 each. Its current production equipment, purchased for $1,050,000 and with a 5-year useful...

Answered: 1 week ago

Question

★★★★★
Eight out of 64 workstations in an office are going to be replaced. The cost of replacing all 64 workstations would be $10,200. Additionally, four workstations will receive a computer upgrade. The...

Answered: 1 week ago

Question

★★★★★
Watch the fi lm An Unfi nished Life. Analyze the communication among the four main characters, with a focus on the system within which they operate. What are the elements of the system? Identify two...

Answered: 1 week ago

Question

★★★★★
Visit the Center for Communication and Civic Engagement, which can be accessed by going to the books online resources for this chapter and clicking on WebLink 1.8. At this site, youll fi nd...

Answered: 1 week ago

Question

★★★★★
How do diff erent models represent the process of human communication?

Answered: 1 week ago

Previous Question Next Question