Old MathJax webview A resident has following information for calculating personal tax in taxed...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Old MathJax webview
A resident has following information for calculating personal tax in taxed year as following:
- Earnings from salary (before deducting compulsory insurance fees) is 900 million per year
- Bonus for holidays in year: 50 million
- Job allowance under legal provisions of the Government: 20 million. - He has one child declared as his dependent.
He has only one apartment, this year, he sold it with the price of 2.800 million . After that, he bought the apartment with price of 2.300 million . Requirement: Determine the amount of personal income tax that this person has to pay in the taxed year.
tax rate = 20%
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
