Question: In December 2020. John was employed by Coca Plc. As a marketing director His monthly salary was ksh. 900,000. He was housed by the company.
In December 2020. John was employed by Coca Plc. As a marketing director His monthly salary was ksh. 900,000.
He was housed by the company. He was also provided company car worth ksh 1,000,000.The tuition for his children was paid by the company at ksh 100,000 per term. John was entitled to medical cover which was discriminatory.
The premium per employee was ksh 250,000.
Coca-Cola Plc. Had paid ksh 700,000 as pay as you earn(PAYE) on behalf of John.
Required:
A) Compute John's monthly gross taxable income.
B) Compute the monthly gross tax liability of John.
C) Compute the monthly tax due for John
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