Mathematics, 02.06.2021 05:10 ely093
Bernard paid an income tax of $1474 for the year
2018. Of his gross annual income, the amount that
will not be subjected to income tax is shown in the
following table:
Personal Relief $3000
Wife Relief
$2000
Child Relief
$4000 per child X4
Parent Relief
$5000 per parent x2
CPF contributions 20% of gross income
Donations
$200
Given that he has a wife, 4 children and 2 parents,
and that for the remaining income that will be
taxed, the gross tax payable for the first $40 000 is
|$550' and the tax rate for the rest is 7%, find his
gross annual income.
Answers: 1
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Bernard paid an income tax of $1474 for the year
2018. Of his gross annual income, the amount that<...
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