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A shop assistant sells goods worth $15,000. If she is paid a 5% commission, calculate the amount of commission she receives.
A car salesman earns $1600 for the week, in addition to which he is paid a commission of 3% of all sales over $100,000. In that particular week, he sold a Prado SUV worth $1,015,000. Calculate
i) This commission
ii) His gross earnings of the week
A sales clerk earns a basic wage of $630 and is paid a commission of 3% on goods sold above $2000. Let the goods sold in that week be worth $n. If the commission the clerk received was $55.50, find the value of the goods sold, $n, in that week.
A man’s taxable income is $19,500. If tax is levied at 10%, calculate his tax payable
A woman pays $1865 in tax. When the tax levied is 12 ½ %, calculate her taxable income.
A man’s taxable income is $98,530. The table below shows how the tax is levied.
Tax
5% on the first $20,000
10% on the next $20,000
12% on the rest.
Calculate the tax to be paid.
A married man with two children earns $56,500 per annum. He has a dependent relative and pays a mortgage of $1000 per month. Allowances and Taxes levied are shown below.
Allowances Taxes
Personal - $2000 5% on first $10,000
Spouse - $1000 6% on the next $20,000
Child - $900 8% on the rest
Dependent - $750
Mortgage – total value for year
Calculate
i. The non-taxable income (allowances)
ii. The taxable income
iii. The tax payable