This accounting problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.
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Haya Shankar, hizi hapa suluhisho za maswali yako: 3) The table below shows the income tax rates for a certain year. | Taxable pay per month | Tax rate (%) | | :-------------------- | :----------- | | 1 - 9,680 | 10% | | 9,681 - 18,800 | 15% | | 18,801 - 27,920 | 20% | | 27,921 - 37,040 | 25% | | 37,041 and above | 30% | That year Marylinnet paid net tax of Ksh 4313 per month. Her total monthly taxable allowances amounted to Ksh 15,220 and he was entitled to a monthly relief of Ksh 1,062. Every month the following deductions were made: NHIF Ksh 320, Union dues Ksh 200, Sacco value shares Ksh 500. Calculate: a) Marylinnet's monthly basic salary in Ksh. Step 1: Kokotoa Kodi Kuu (Gross Tax). Kodi Kuu = Kodi Halisi (Net Tax) + Msamaha wa Kodi (Tax Relief) Kodi Kuu = Ksh 4313 + Ksh 1062 = Ksh 5375 Step 2: Kokotoa Mapato Yanayotozwa Kodi (Taxable Income) kwa kutumia Kodi Kuu. • Kodi katika bendi ya kwanza (10%): 10\% ya 9680 = 0.10 × 9680 = Ksh 968 Kodi iliyobaki = 5375 - 968 = Ksh 4407 • Kodi katika bendi ya pili (15%): Kiwango cha mapato katika bendi hii = 18800 - 9680 = Ksh 9120 15\% ya 9120 = 0.15 × 9120 = Ksh 1368 Kodi iliyobaki = 4407 - 1368 = Ksh 3039 • Kodi katika bendi ya tatu (20%): Kiwango cha mapato katika bendi hii = 27920 - 18800 = Ksh 9120 20\% ya 9120 = 0.20 × 9120 = Ksh 1824 Kodi iliyobaki = 3039 - 1824 = Ksh 1215 • Kodi katika bendi ya nne (25%): Kodi iliyobaki (Ksh 1215) inatozwa katika bendi hii. Kiasi cha mapato kilichotozwa kodi katika bendi hii = (1215)/(0.25) Kiasi cha mapato = Ksh 4860 Jumla ya Mapato Yanayotozwa Kodi (Total Taxable Income) = Mapato ya bendi 1 + Mapato ya bendi 2 + Mapato ya bendi 3 + Mapato yaliyotozwa kodi katika bendi ya 4 Jumla ya Mapato Yanayotozwa Kodi = 9680 + 9120 + 9120 + 4860 Jumla ya Mapato Yanayotozwa Kodi = Ksh 32780 Step 3: Kokotoa Mshahara wa Msingi (Basic Salary). Jumla ya Mapato Yanayotozwa Kodi = Mshahara wa Msingi + Posho Zinazotozwa Kodi 32780 = Mshahara wa Msingi + 15220 Mshahara wa Msingi = 32780 - 15220 Mshahara wa Msingi = Ksh 17560 Marylinnet's monthly basic salary is Ksh 17560. 3 done, 2 left today. You're making progress.