Question
The first $6,000 of an employee's income is exempt from tax. An excess of up to $4,000 over this allowance is taxed 3%; any further
The first $6,000 of an employee's income is exempt from tax. An excess of up to $4,000 over this allowance is taxed 3%; any further excess is taxed 6%. If the employee pays an income tax of S540, how large is his/her income?
Select the single best answer:
- A. $14.000
- B. $16,000
- C. $18,000
- D. none of the above
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Accounting And Finance For Non Specialists
Authors: Eddie McLaney
9th Edition
1292062711, 9781292062716
