PERSONAL ANNUAL INCOME TAX RATES AS AT 31/12 OF RELEVANT YEARS OF ASSESSMENT 2013-15 2016-17 2018 2018 2019 2020 2013-18 Chargeable income Till 31/7/20 Rates GHS GHS GHS GHS GHS GHS % First 1,584 2,592 3,132 3,132 3,456 3,456 0 Next 792 1,296 840 840 1,200 4,656 5 Next 1,104 1,812 1,200 1,200 1,680 6,336 10 Next 28,200 33,180 33,720 33,720 36,000 42,336 17.5 Exceeding/Next 31.680 38.880 38,892 81,108 197,664 197,664 25 Exceeding 120,000 240,000 240,000 35/30 CAPITAL ALLOWANCE RATES AS AT 31/12 OF RELEVANT YEARS OF ASSESSMENT 2000-15 2016 to date RATES CLASS 1 40% 40% 2 30% 30% 3 20% 20% 4 20% 10% 5 10% Useful life 6 Useful life CASE STUDY -INDIVIDUAL EMPLOYMENT INCOME Mr. Ali Ahmed Ahmed, an amputee, was the Senior Accountant of Newmount Mine Company Limited (a mining company) for many years with a basic salary of GH54,000 per annum. He was entitled to a company vehicle, fuel and Driver. He acted for the Director of Finance in March, April and May 2016, during which month his salary was raised to GH5,000 per month. Mr. Ali Ahmed Ahmed was housed in the company lavishly furnished accommodation on the mine. He was also entitled to the following monthly allowances: Professional allowance GH400 Responsibility allowance GH500 Mr Osei Bobie resigned from Newmount Mine Limited on 30 June, 2016. He received the following on his resignation: He was allowed to take home the Companys pick-up he was using valued at GH5,000. Cash Gifts from staff GH6,100. On 1 August, 2016, he took up an appointment as Accounts Manager of Obourfa Dadeafa Limited (a retailing company) on a salary of GH72,000 per annum. His other entitlements were agreed as follows: Responsibility Allowance - GH150 per month Cost of living Allowance - GH200 per month Risk Allowance - GH100 per month Overtime pay - GH250 per month Bonus - GH1,500 in each December Vehicle and fuel Accommodation only Mr. Ali Ahmed Ahmed finances the following insurance policies and also contributes to the Social Security and National Insurance Trust (SSNIT): Insured Premium Sum Assured GH GH Mrs. Gameli (sister) 500 4000 Mr. Ali Ahmed Ahmed 3,600 35,000 Mr. Ali Ahmed Ahmed is not married but he is responsible for his three children who are all attending registered Senior High Schools. Mr. Ali Ahmed Ahmed supports his 72-year-old grandmother with GH300 per month not withstanding her immense wealth. His grandmother depends entirely on him. Required: Use the case study above to answer questions 1 to 55 relating to the 2016 to 2020 year of assessment. n 2016 year of assessment, aged dependency relief of Mr Ali Ahmed Ahmed is? Select one: a. GHS100 b. GHS400 c. GHS200 d. GHS300 Clear my choice In 2016 year of assessment, benefits in kind of Mr Ali Ahmed Ahmed from Newmount Mines is? Select one: a. GHS7,518 b. GHS6,100 c. GHS8,350 d. GHS8,600 In 2016 year of assessment, benefits in kind of Mr Ali Ahmed Ahmed from Obourfa Dadeafa Limited is? Select one: a. GHS7,518 b. GHS6,100 c. GHS8,600 d. GHS5,013 In 2016 year of assessment, child education allowance of Mr Ali Ahmed Ahmed is? Select one: a. GHS400 b. GHS600 c. GHS200 d. GHS800 In 2016 year of assessment, marriage responsibility allowance of Mr Ali Ahmed Ahmed is? Select one: a. GHS100 b. GHS300 c. GHS200 d. GHS400 In 2016 year of assessment, the basic salary of Mr Ali Ahmed Ahmed from Obourfa Dadeafa Limited is? Select one: a. GHS27,000 b. GHS33,500 c. GHS40,000 d. GHS30,000 In 2016 year of assessment, the basic salary of Mr Ali Ahmed Ahmed from Newmount Mines is? Select one: a. GHS40,000 b. GHS30,000 c. GHS33,500 d. GHS27,000 In 2016 year of assessment, the life assurance relief of Mr Ali Ahmed Ahmed is? Select one: a. GHS3,600 b. GHS5,300 c. GHS6,300 d. GHS3,500 In 2016 year of assessment, the total basic pay of Mr Ali Ahmed Ahmed is? Select one: a. GHS57,000 b. GHS63,500 c. GHS60, 500 d. GHS70,000 n 2016 year of assessment, the total cash emolument of Mr Ali Ahmed Ahmed from Newmount Mines is? Select one: a. GHS27,000 b. GHS40,000 c. GHS30,000 d. GHS33,500 In 2016 year of assessment, the total cash emolument of Mr Ali Ahmed Ahmed from Obourfa Dadeafa Ltd is? Select one: a. GHS33,500 b. GHS27,000 c. GHS40,000 d. GHS30,000 In 2016 year of assessment, the total cash emolument of Mr Ali Ahmed Ahmed is? Select one: a. GHS54,000 b. GHS73,500 c. GHS63,500 d. GHS80,000 In 2016 year of assessment, total benefits in kind of Mr Ali Ahmed Ahmed is? Select one: a. GHS6,100 b. GHS7,518 c. GHS13,613 d. GHS8,350 In 2016 year of assessment, total bonus tax payable by Mr Ali Ahmed Ahmed is? Select one: a. GHS57 b. GHS252 c. GHS75 d. GHS225 In 2016 year of assessment, total chargeable income of Mr Ali Ahmed Ahmed is? Select one: a. GHS57,979.25 b. GHS57,799.25 c. GHS57,997.25 d. GHS57,799.52 In 2016 year of assessment, total disability relief of Mr Ali Ahmed Ahmed is? Select one: a. GHS12, 770.25 b. GHS21,2770.25 c. GHS15,863 d. GHS21,778.25 In 2016 year of assessment, total personal relief of Mr Ali Ahmed Ahmed is? Select one: a. GHS29,313.30 b. GHS28,948.25 c. GHS23,713.30 d. GHS25,813.00 In 2016 year of assessment, total qualifying employment income of Mr Ali Ahmed Ahmed from Obourfa Dadeafa Limited is? Select one: a. GHS87, 113 b. GHS48,600 c. GHS15,863 d. GHS38,513 In 2016 year of assessment, total qualifying employment income of Mr Ali Ahmed Ahmed is? Select one: a. GHS57,113 b. GHS54,376 c. GHS87,113 d. GHS33,500 In 2016 year of assessment, total qualifying employment income of Mr Ali Ahmed Ahmed from Newmount Mines is? Select one: a. GHS48,600 b. GHS87, 113 c. GHS18,600 d. GHS38,513 In 2016 year of assessment, total social security contribution of Mr Ali Ahmed Ahmed is? Select one: a. GHS3,513 b. GHS3,315 c. GHS5,863 d. GHS3,135 In 2016 year of assessment, total tax payable by Mr Ali Ahmed Ahmed is? Select one: a. GHS10,872.31 b. GHS10,857.31 c. GHS18,072.13 d. GHS10,782.31 In 2017 year of assessment, aged dependency relief of Mr Ali Ahmed Ahmed is? Select one: a. GHS300 b. GHS400 c. GHS100 d. GHS200 In 2017 year of assessment, benefits in kind of Mr Ali Ahmed Ahmed from Newmount Mines is? Select one: a. GHS13,000 b. GHS5,013 c. GHS8,600 d. None of the above In 2017 year of assessment, benefits in kind of Mr Ali Ahmed Ahmed from Obourfa Dadeafa Limited is? Select one: a. GHS20,700 b. GHS12,300 c. GHS12,030 d. GHS20,070 In 2017 year of assessment, child education allowance of Mr Ali Ahmed Ahmed is? Select one: a. GHS400 b. GHS200 c. GHS600 d. GHS800 In 2017 year of assessment, marriage responsibility allowance of Mr Ali Ahmed Ahmed is? Select one: a. GHS200 b. GHS100 c. GHS300 d. GHS400 In 2017 year of assessment, the basic salary of Mr Ali Ahmed Ahmed from Newmount Mines is? Select one: a. GHS30,000 b. GHS27,000 c. GHS40,000 d. None of the above In 2017 year of assessment, the basic salary of Mr Ali Ahmed Ahmed from Obourfa Dadeafa Limited is? Select one: a. GHS27,000 b. GHS33,500 c. GHS72,000 d. GHS30,000 In 2017 year of assessment, the life assurance relief of Mr Ali Ahmed Ahmed is? Select one: a. GHS5,300 b. GHS5,030 c. GHS3,600 d. GHS3,500 In 2017 year of assessment, the total basic pay of Mr Ali Ahmed Ahmed is? Select one: a. GHS70,000 b. GHS57,000 c. GHS63,500 d. GHS72, 000 In 2017 year of assessment, the total cash emolument of Mr Ali Ahmed Ahmed from Obourfa Dadeafa Ltd is? Select one: a. GHS72,000 b. GHS30,000 c. GHS33,500 d. GHS80,400 In 2017 year of assessment, the total cash emolument of Mr Ali Ahmed Ahmed from Newmount Mines and Obourfa Dadeafa is? Select one: a. GHS72,000 b. GHS80,400 c. GHS8,400 d. GHS40,800 In 2017 year of assessment, the total cash emolument of Mr Ali Ahmed Ahmed is? Select one: a. GHS84,000 b. GHS80,040 c. GHS72,000 d. GHS80,400 In 2017 year of assessment, total benefits in kind of Mr Ali Ahmed Ahmed is? Select one: a. GHS54,000 b. GHS15,863 c. GHS13,613 d. None of the above In 2017 year of assessment, total chargeable income of Mr Ali Ahmed Ahmed is? Select one: a. GHS96,062.50 b. GHS60,962.50 c. GHS96,062.05 d. GHS60,962.05 In 2017 year of assessment, total disability relief of Mr Ali Ahmed Ahmed is? Select one: a. GHS10,732.50 b. GHS23,107.50 c. GHS32,701.50 d. GHS32,107.50 In 2017 year of assessment, total personal relief of Mr Ali Ahmed Ahmed is? Select one: a. GHS31,467.50 b. GHS13,467.50 c. GHS46,647.50 d. GHS46,137.50 In 2017 year of assessment, total qualifying employment income of Mr Ali Ahmed Ahmed from Newmount Mines is? Select one: a. GHS87,113 b. None of the above c. GHS48,600 d. GHS0 In 2017 year of assessment, total qualifying employment income of Mr Ali Ahmed Ahmed from Obourfa Dadeafa Limited is? Select one: a. GHS29,430 b. GHS92,430 c. GHS30,429 d. GHS43,290 In 2017 year of assessment, total social security contribution of Mr Ali Ahmed Ahmed is? Select one: a. GHS3, 096 b. GHS3,960 c. GHS3,609 d. GHS3,906 In 2017 year of assessment, total tax payable by Mr Ali Ahmed Ahmed is? Select one: a. GHS16,148.13 b. GHS16,157.44 c. GHS11,732.44 d. GHS11,648.13 In 2018 year of assessment, benefits in kind of Mr Ali Ahmed Ahmed from Newmount Mines is? Select one: a. GHS5,000 b. GHS5,013 c. GHS0 d. GHS10,000 In 2018 year of assessment, the total cash emolument of Mr Ali Ahmed Ahmed from Newmount Mines is? Select one: a. GHS80,400 b. GHS80,040 c. GHS80,004 d. GHS84,000 In 2018 year of assessment, total disability relief of Mr Ali Ahmed Ahmed is? Select one: a. GHS23,107.50 b. GHS23, 710.50 c. GHS23,115.50 d. GHS27,170.50 In 2020 year of assessment, aged dependency relief of Mr Ali Ahmed Ahmed is? Select one: a. GHS3000 b. GHS2000 c. GHS100 d. GHS1000 In 2020 year of assessment, child education allowance of Mr Ali Ahmed Ahmed is? Select one: a. GHS1,600 b. GHS1,200 c. GHS1,400 d. GHS1,800 In 2020 year of assessment, marriage responsibility allowance of Mr Ali Ahmed Ahmed is? Select one: a. GHS1,200 b. GHS200 c. GHS1,300 d. GHS2,000 In 2020 year of assessment, total bonus tax payable by Mr Ali Ahmed Ahmed is? Select one: a. GHS225 b. GHS75 c. GHS252 d. GHS57 In 2020 year of assessment, total personal relief of Mr Ali Ahmed Ahmed is? Select one: a. GHS34,567.05 b. GHS43,567.05 c. GHS34,567.50 d. GHS43,657.05 In 2020 year of assessment, total personal relief of Mr Ali Ahmed Ahmed is? Select one: a. GHS65,453.50 b. GHS43,567.50 c. GHS34,567.50 d. GHS56,435.50 In 2020 year of assessment, total tax payable by Mr Ali Ahmed Ahmed is? Select one: a. GHS8,615.38 b. GHS6,815.83 c. GHS8,651.38 d. GHS8,615.83 . A benefit consisting of the availability for use of fuel only provided by the employer to an employee during 2018 year of assessment is quantified at the rate of? Select one: a. 12.5% of the person total cash emolument up to a maximum of GHS 500.00 per month. b. 12.5% of the person total cash emolument up to a maximum of GHS 600.00 per month. c. 10% of the person total cash emolument up to a maximum of GHS 500.00 per month. d. 5% of the person total cash emolument up to a maximum of GHS 250.00 per month.