the first 500naira of a man's income is tax free. if he pays tax on the rest at the rate of 10kobo on every naira,how much tax w
ill he pay if he earns 2400naira as income?
1 answer:
Answer:
Tax on 2400 naira = 190 kobo
Step-by-step explanation:
Given that:
The first 500 naira is tax free.
Amount earned = 2400 naira
Amount to be taxed = 2400 - 500 = 1900 naira
Payable tax = 10 kobo on every naira
1 naira = 10 kobo
1900 naira =
1900 naira = 190 kobo
Hence,
Tax on 2400 naira = 190 kobo
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