BUISENESS MANAGEMENT
TAXES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Sam’s chargeable income is RM29, 00. Calculate his tax payable.
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RM300
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RM440
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RM540
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RM840
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Explanation:
Detailed explanation-1: -Rs 68100 is Income Tax Payable taxable income of 9, 54, 000.
Detailed explanation-2: -If you make ₹ 50, 000 a year living in India, you will be taxed ₹ 6, 000. That means that your net pay will be ₹ 44, 000 per year, or ₹ 3, 667 per month. Your average tax rate is 12.0% and your marginal tax rate is 12.0%.
Detailed explanation-3: -Now that you have your total annual income, you need to find out what your chargeable income is. Chargeable income, also known as taxable income, is your total annual income minus all the tax exemptions and tax reliefs you are entitled to.
There is 1 question to complete.