Question

A messenger earns 2640 per year and pays tax at the rate of 10k On a naira how much tax does he pay in the year

Answer 1

Answer:

264 naira

Step-by-step explanation:

Given that:

Amount earned per year = 2460

Rate of interest paid : 10k per naira earned

Tax paid by messenger per year :

100k = 1 naira

10k = (100/10) = 0.1 naira

Hence 0.1 naira is paid as tax on every naira earned

Total amount paid on 2640 Naira :

Amount paid per naira * total amount earned

(0.1 * 2640) = 264 naira