We read your photo as:

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

ScanSolve AI Answer

Step-by-step solution

12 steps

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%\frac{\text{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

  1. State the formula.

    Total gross salary = number of months ×\times monthly gross salary

  2. Substitute values.

    Number of months = 12
    Monthly gross salary = GH¢80,700

    Total gross salary=12×80,700\text{Total gross salary} = 12 \times 80{,}700
  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= \textbf{GH¢968{,}400}

    968400

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

  4. State the formula.

    UPF contribution = 13%13\% of monthly gross salary = 0.13×80,7000.13 \times 80{,}700

  5. 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
  6. 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 = \textbf{GH¢10{,}491}

    10491

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

  7. State the values.

    Net pay before UPF = GH¢72,000
    UPF contribution = GH¢10,491

  8. Apply formula.

    Net salary transferred = net pay before UPF −- UPF

    72,000−10,49172{,}000 - 10{,}491
  9. Simplify.

    =GH¢61,509= \textbf{GH¢61{,}509}

    61509

    3.2.5 Total net salary transferred to bank account for the year

  10. State the formula.

    Total net salary = 12 ×\times monthly net salary transferred

  11. Substitute values.

    Monthly net salary transferred = GH¢61,509

    12×61,50912 \times 61{,}509
  12. 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 = \textbf{GH¢738{,}108}

    738108

Was this helpful?

Still stuck on this one?

Ask a follow-up, and the answer starts from this question.

Got a different question?Ask your own question