15. Mr Neo paid an income tax of $1474 for a
particular year. Of his gross annual income, the
...
Mathematics, 08.06.2021 02:10 berankworthy3343
15. Mr Neo paid an income tax of $1474 for a
particular year. Of his gross annual income, the
amount that will not be subjected to income tax is
shown in the following table:
Personal relief
$3000
S2000
Wife relief
Child relief
$4000 per
child
Parent relief
$5000 per parent
$15 600
CPF contributions
S200
Donations
Given 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 $40 000 is 5350
and the tax rate for the rest is 7%, find his gross
annual income.
Answers: 2
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