the annual income of a married man with five children is 54600naira. the man is...

the annual income of a married man with five children is 54600naira. the man is allowed the following amount free of tax.
personal= 6000naira
wife= 3000naira
children=2500naira per children to a maximum of 4
other dependant relative= 3400
life insurance= 2200naira

tax is deducted at the rate of 12½k in the naira for the first 20000naira, 15k in the naira for the next 10000naira, 20k in the naira for the next 20000naira and 30k in the naira for the rest.

calc.
A. his annual taxable income
B.his average net monthly pay.correct to the nearest Kobo
C . the increase in his average net monthly pay if he is promoted to a salary of 71040 naira

In Mathematics
2 Answers Available
Asked by Drslime on 18th June, 2022