In $2021$ , James earned a gross annual income of $\$96\ 000$ , of which the amount that will no

Question

In $2021$ , James earned a gross annual income of $\$96\ 000$ , of which the amount that will not be subjected to income tax is shown in the following table: Given that James lives with his wife and $3$ children and has two parents, calculate his chargeable income for the year of assessment (YA) $2022$ . The following table shows the income tax rates for different tax brackets: Find James income tax payable for YA $2022$.

Accepted Answer

(i) $50\,000$ dollars (ii) $1\,250$ dollars

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