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Scenario 2 Jassem had the following income and outgoing for 2022/23. Further information Tax payer's Personal Allowance (PA) is SAR 10,600 when her/his adjusted net
Scenario 2 Jassem had the following income and outgoing for 2022/23. Further information Tax payer's Personal Allowance (PA) is SAR 10,600 when her/his adjusted net income exceeds SAR121,200. However, if the taxpayer's Adjusted Net Income (ANI) exceeds SAR100,000 then the PA is reduced by: ( 1 / 2 imes[A N I-100,000] ). Required: Calculate the amount of income tax payable by Jassem for 2022/23.
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Financial Management Core Concepts
Authors: Raymond M Brooks
2nd edition
132671034, 978-0132671033
