Determine Emmanuel Koma's total annual gross salary. Income tax on Emmanuel Koma's salary is worked out according to the following formula: Annual Income Tax = 18% of Annual Gross Salary - R10 755, 00. Calculate Emmanuel Koma's total Annual Income Tax using the above formula. The employee UIF contribution is calculated at 1% of gross monthly salary. Calculate the amount that will be deducted from his salary per month for UIF. Calculate the Net salary transferred into his bank account.

Mathematics
Determine Emmanuel Koma's total annual gross salary. Income tax on Emmanuel Koma's salary is worked out according to the following formula: Annual Income Tax = 18% of Annual Gross Salary - R10 755, 00. Calculate Emmanuel Koma's total Annual Income Tax using the above formula. The employee UIF contribution is calculated at 1% of gross monthly salary. Calculate the amount that will be deducted from his salary per month for UIF. Calculate the Net salary transferred into his bank account.

ScanSolve AI Answer

Answer

968400

3.2.1 Pie chart of the types of deductions

The total deductions are GH¢8,700. Use the breakdown of deduction types provided in the table (e.g., income tax, social security, union dues, etc.) to calculate percentages and central angles.

For each type:
Percentage = amountoftype8700×100%\frac{amount of type}{8700} \times 100\%
Central angle = percentage ×3.6∘\times 3.6^\circ

Draw a circle and mark sectors with protractor using these angles. Label each sector with type and amount.

3.2.2 Emmanuel Kofi's total gross salary for the year

Step 1: State the formula.
Total gross salary = number of months ×\times monthly gross salary

Step 2: Substitute values.
Number of months = 12
Monthly gross salary = GH¢80,700

Totalgrosssalary=12×80,700Total gross salary = 12 \times 80{,}700

Step 3: Simplify.

12×80,700=10×80,700+2×80,70012 \times 80{,}700 = 10 \times 80{,}700 + 2 \times 80{,}700 =807,000+161,400= 807{,}000 + 161{,}400 =GH¢968,400= GH¢968{,400}

968400

3.2.3 Employee's UPF contribution (13% of gross salary)

Step 1: State the formula.
UPF contribution = 13%13\% of monthly gross salary = 0.13×80,7000.13 \times 80{,}700

Step 2: Substitute and compute.

0.13×80,700=13100×80,700=13×8070.13 \times 80{,}700 = \frac{13}{100} \times 80{,}700 = 13 \times 807

Step 3: Simplify.

10×807=8,07010 \times 807 = 8{,}070 3×807=2,4213 \times 807 = 2{,}421 8,070+2,421=GH¢10,4918{,}070 + 2{,}421 = GH¢10{,491}

10491

3.2.4 Net salary transferred to bank account per month (after UPF)

Step 1: State the values.
Net pay before UPF = GH¢72,000
UPF contribution = GH¢10,491

Step 2: Apply formula.
Net salary transferred = net pay before UPF −- UPF

72,000−10,49172{,}000 - 10{,}491

Step 3: Simplify.

=GH¢61,509= GH¢61{,509}

61509

3.2.5 Total net salary transferred to bank account for the year

Step 1: State the formula.
Total net salary = 12 ×\times monthly net salary transferred

Step 2: Substitute values.
Monthly net salary transferred = GH¢61,509

12×61,50912 \times 61{,}509

Step 3: Simplify.

10×61,509=615,09010 \times 61{,}509 = 615{,}090 2×61,509=123,0182 \times 61{,}509 = 123{,}018 615,090+123,018=GH¢738,108615{,}090 + 123{,}018 = GH¢738{,108}

738108

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Quick Answer

3.2.1 Pie chart of the types of deductions The total deductions are GH¢8,700. Use the breakdown of deduction types provided in the table (e.g., income tax, social security, union dues, etc.) to calculate percentages and central angles.

Determine Emmanuel Koma's total annual gross salary. Income tax on Emmanuel Koma's salary is worked out according to the following formula: Annual Income Tax = 18% of Annual Gross Salary - R10 755, 00. Calculate Emmanuel Koma's total Annual Income Tax using the above formula. The employee UIF contribution is calculated at 1% of gross monthly salary. Calculate the amount that will be deducted from his salary per month for UIF. Calculate the Net salary transferred into his bank account.
Mathematics

This mathematics problem involves applying core mathematical principles and formulas. Below you will find a complete step-by-step solution with detailed explanations for each step, helping you understand not just the answer but the method behind it.

ScanSolve AI Answer
3.2.1 Pie chart of the types of deductions The total deductions are GH¢8,700. Use the breakdown of deduction types provided in the table (e.g., income tax, social security, union dues, etc.) to calculate percentages and central angles. For each type: Percentage = amount of type8700 × 100\% Central angle = percentage × 3.6^ Draw a circle and mark sectors with protractor using these angles. Label each sector with type and amount. 3.2.2 Emmanuel Kofi's total gross salary for the year Step 1: State the formula. Total gross salary = number of months × monthly gross salary Step 2: Substitute values. Number of months = 12 Monthly gross salary = GH¢80,700 Total gross salary = 12 × 80,700 Step 3: Simplify. 12 × 80,700 = 10 × 80,700 + 2 × 80,700 = 807,000 + 161,400 = GH¢968,400 968400 3.2.3 Employee's UPF contribution (13% of gross salary) Step 1: State the formula. UPF contribution = 13\% of monthly gross salary = 0.13 × 80,700 Step 2: Substitute and compute. 0.13 × 80,700 = (13)/(100) × 80,700 = 13 × 807 Step 3: Simplify. 10 × 807 = 8,070 3 × 807 = 2,421 8,070 + 2,421 = GH¢10,491 10491 3.2.4 Net salary transferred to bank account per month (after UPF) Step 1: State the values. Net pay before UPF = GH¢72,000 UPF contribution = GH¢10,491 Step 2: Apply formula. Net salary transferred = net pay before UPF - UPF 72,000 - 10,491 Step 3: Simplify. = GH¢61,509 61509 3.2.5 Total net salary transferred to bank account for the year Step 1: State the formula. Total net salary = 12 × monthly net salary transferred Step 2: Substitute values. Monthly net salary transferred = GH¢61,509 12 × 61,509 Step 3: Simplify. 10 × 61,509 = 615,090 2 × 61,509 = 123,018 615,090 + 123,018 = GH¢738,108 738108