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Contact [7]
2 years ago
11

After deducting 10% provident fund a married person draws Rs 40,500 salary per month and one month's salary as festival bonus, t

he person pays Rs 14,500 annually as the premium of his/her insurance. Calculate the annual income tax paid by the person.
Need correct answer​
Mathematics
1 answer:
olasank [31]2 years ago
6 0

The  annual income tax paid by the person is: $4,500.

<h3>Annual income tax</h3>

Using this formula

Annual income tax=[Salary÷(1-percentage deduction)]- Salary

Let plug in the formula

Annual income tax=[40,500÷(1-10%)]-40,500

Annual income tax=45,000-40,500

Annual income tax=4500

Therefore the  annual income tax paid by the person is: $4,500.

Learn more about annual income tax here:brainly.com/question/26316390

#SPJ1

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Keller boat travels 24mph. find the rate of the river if she can travel 6 mi upstream. in the same amount of time she can go 10
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Explanation:

We will use the formula d = rt for this, where d is <u>distance</u>, r is <u>rate</u>, and t is <u>time</u>.

We know that the time for both distances is the same; this means we want to isolate t in our formula.  To do this, we will cancel r by dividing both sides:
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Together, these give us the equation

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