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secondary 2 | Maths
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Date Posted: 5 years ago
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The income is $28000, which is smaller than the total income in the first row ($20000+$10000). Hence we will follow the rate indicated on that row. As the first $20000, is 0%, hence the tax payable for the first $20000 is $0. The remaining $8000 will this fall into the next $10000 section, where a 2% is taxed.
Hence the total payable tax will be $0 + ($8000*2%) =$160
Hence the total payable tax will be $0 + ($8000*2%) =$160
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