Rate

Rate

TGM Original Questions

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:

  1. 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:
  1. Find James income tax payable for YA \(2022\).

Video Solution:

Video Solution

Video solution locked

A free account saves your progress; this video needs a course plan.

Solution:

Solution locked

680+ questions here come with free worked solutions. A free account saves your questions and progress; this one needs a course plan.

Answer:(i) \(50\,000\) dollars (ii) \(1\,250\) dollars

Need help? Join our E-Maths tuition for O-Level success.

Learn more