A married man who has five children under 16 years of age works with an oil company and earns
₦200 000 per annum. He is allowed the following tax-free allowance: 10% of his annual salary,
₦3000.00 per annum as a married man, ₦2000.00 per child per annum up to a maximum of 4
children, ₦5000.00 per annum for a life insurance policy. Income tax is charged on the remainder
as follows: On the first ₦50 000, 10kobo per naira, on the next ₦50 000, 20kobo per naira, on the
rest, 25kobo per naira. Calculate his average monthly tax, to the nearest kobo.?
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Asked by JUSTWANT TO PASS MATHS on 18th August, 2020
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