Mr. LUL is a major shareholder and Chairman and General Manager of a Mega retails store under thename of LUL Superstores SAL. The Company is located in Lebanon, LUL building, LUL street.

1. 1- The accountant of the company has provided Mr. LUL with companys net result before taxfor the year 2019 which amounted to LBP 350,500,230. How much will LUL Superstores SAL pay profit tax for the year 2019?

2. 2- If LUL Superstores SAL Shareholders general assembly meeting declared an LBP 150,000,000 dividend distribution, how much taxes will pay on this dividend distribution?

3. 3- Mr. LUL is planning to recruit a Store Manager. The store manager should be single, and the proposed gross salary to pay for such a person per month is LBP 2,500,000.

4. 3-a) If the transportation allowances per day are LBP 8,000 and if the store manager will work only 22 days during a month how much will the store manager cash in net at the end of the month?

5. 3-b) How much will the company pay per year in term of contributions for National Social Security Fund for the salary earned by this store manager.

NB:

I- For payroll tax:

a. Exemptions per year for single individual: LBP 7,500,000.

b. Annual Tax brackets

From to tax rate applicable

LBP LBP

0 6,000,000 2%

6,000,001 15,000,000 4%

15,000,001 30,000,000 7%

30,000,001 60,000,000 11%

II- For NSSF contributions:

a. Medical care/sickness section: Applicable to maximum monthly amount of LBP 2,500,000 at 11% ( 3%

paid by employee and 8% by the company)

b. Family allowances section: Applicable to maximum monthly amount of LBP 1,500,000 at 6% paid fully by the company

c. End of Service indemnities section: Applicable to full salary amount at 8.5% paid fully by the company