Mr neo paid in income tax of $1474 for a particular year. Of his gross annual income, the amount that will not be subjected to income tax is shoes in thr following table Personal relief = $3000

wife relief = $2000Child relief = $4000 per child

parent relief = $5000 per parentCPF contributions = $15600

donations = $200given that he lives with 4 children and 2 parents and that for the remaining income that will be taxed, the gross tax payable for the first $40000 is $550 ans the tax rate for the rest is 7%, find his gross annual income

asked by guest
on Nov 10, 2024 at 1:41 am



Mathbot Says...

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