According to the Turkish tax legislation, there are two main types of tax statuses regulated on the basis of residence: resident taxpayers and non-resident taxpayers. Individual income tax rates applicable on resident taxpayers for 2018 - 2019 are as follows: Income Scales (TRY) Rate (%) Up to 14,800 15 14,801 - 34,000 20 34,001 - 120,000 27 120,001 and over 35 Create a Mathematical Model that represents the aforementioned information to calculate the annual income tax. How much annual income tax you will have to pay if your monthly taxable income is TRY 9,000
According to the Turkish tax legislation, there are two main types of tax statuses regulated on the basis of residence: resident taxpayers and non-resident taxpayers. Individual income tax rates applicable on resident taxpayers for 2018 - 2019 are as follows: Income Scales (TRY) Rate (%) Up to 14,800 15 14,801 - 34,000 20 34,001 - 120,000 27 120,001 and over 35 Create a Mathematical Model that represents the aforementioned information to calculate the annual income tax. How much annual income tax you will have to pay if your monthly taxable income is TRY 9,000
Chapter1: Federal Income Taxation—an Overview
Section: Chapter Questions
Problem 67IIP
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- According to the Turkish tax legislation, there are two main types of tax statuses regulated on the basis of residence: resident taxpayers and non-resident taxpayers. Individual income tax rates applicable on resident taxpayers for 2018 - 2019 are as follows:
Income Scales (TRY) |
Rate (%) |
Up to 14,800 |
15 |
14,801 - 34,000 |
20 |
34,001 - 120,000 |
27 |
120,001 and over |
35 |
- Create a Mathematical Model that represents the aforementioned information to calculate the annual income tax.
- How much annual income tax you will have to pay if your monthly taxable income is TRY 9,000.
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ISBN:
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Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT