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A woman earns R356,400 annually. Calculate her income tax if the tax rate is 30%. Then, determine her net salary after tax. Lastly, if she pays 30% tax, what percentage of her salary remains?
Accounting
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Step-by-step solution
4 stepsHere are the solutions to the remaining problems:
4.3.2. Calculate the amount of income tax she will be paying to SARS after her salary increase (using your answer in 4.2).
Identify the new annual salary from question 4.2, which is R356 400.
Calculate 30% of the new annual salary.
The amount of income tax she will be paying is .
4.3.3. Calculate how much of her salary she will receive after tax.
Subtract the income tax (from 4.3.2) from her new annual salary (from 4.2).
She will receive after tax.
4.3.4. If she is paying 30% of her income as income tax what % of her salary is left over?
Subtract the percentage paid as tax from 100%.
of her salary is left over.
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