Question
Mr. Jones was born in 1952 and he receives a pension of $8,000 per month from his former employment. He is currently employed as a
Mr. Jones was born in 1952 and he receives a pension of $8,000 per month from his former employment. He is currently employed as a computer consultant with Blu Chip Tech Services at a salary of $180,000 per month (PAYE of $28,748 deducted at source monthly). His investment account yields a quarterly net interest of $24,000. Mr. Jones received dividends from JMMB, a company that is traded on the Jamaica Stock Exchange. He received $63,750 net of tax. A. Advise Mr. Jones of his likely income tax liability forthe year of assessment 2022. B. Suppose Mr. Jones was 18 years younger, would his Statutory Income?
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