QUESTION 1 Q1 Mr Ahmed works as a Finance officer in a...

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Finance

QUESTION 1

  1. Q1 Mr Ahmed works as a Finance officer in a company named Ultimate Solutions private limited. He receives his monthly salary of Rs 86000, his father has also left two flats as a legacy for him that pays him rental income of Rs 15000 each. Calculate

    1. Annual salaried income
    2. Annual rental income
    3. Annual tax liability

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