Question
John is working at Vanimo, and his basic salary is K4200 per fortnight. Housing is provided K2000 rental per week. The car is provided with
John is working at Vanimo, and his basic salary is K4200 per fortnight. Housing is provided K2000 rental per week. The car is provided with fuel. Annual bonus K26000. Gratuity 40% of basic pay. School fees for 2 dependents are K30000 per annum. Two-way tickets are K15000 per annum. Superannuation is 18% of basic pay. Entertainment allowance K150 per week.
Calculate:
- Taxable fortnight salary
- Net Tax Payable
Step by Step Solution
3.40 Rating (147 Votes )
There are 3 Steps involved in it
Step: 1
Taxable Fortnight Salary Johns basic salary is K4200 per fortnight Housing provided K2000 per week K...
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Canadian Income Taxation Planning And Decision Making
Authors: Joan Kitunen, William Buckwold
17th Edition 2014-2015 Version
1259094332, 978-1259094330
