Mathematics, 03.02.2021 16:30 southerntouch103

Janet’s gross salary is $2,400 per month. Her tax-free allowances are shown below: National Insurance ( 5% of gross salary)

Personal Allowances ( $3000 per year)

Calculate :

Her gross yearly salary

Her total tax-free allowances for the year

Her taxable yearly income.

A 10% tax is charged on the first $4000 and 15% on the remainder of taxable income. Calculate the amount of income tax Janet pays for the year.

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