Ma1. The state imposes a progressive tax of 1.5% in order to achieve justice as much as possible among the segments of society. It starts from an income of 10,000 Omani riyals onwards. So that the percentage multiplies by doubling the income. That is, for each income of 10,000 Omani riyals, 1.5%, and there are five people, the first person has an income of 40,000 Omani riyals. And the second person's income is 6000 Omani riyals. And the third person's income is 90,000 Omani riyals. And the fourth person has an income of 51,000 Omani riyals. And the fifth person has an income of 200,000 Omani riyals.) Question: According to the data mentioned above, find the tax rate imposed on the five persons. And the amount owed by each one of them?

Ma1. The state imposes a progressive tax of 1.5% in order to achieve justice as much as possible among the segments of society. It starts from an income of 10,000 Omani riyals onwards. So that the percentage multiplies by doubling the income. That is, for each income of 10,000 Omani riyals, 1.5%, and there are five people, the first person has an income of 40,000 Omani riyals. And the second person's income is 6000 Omani riyals. And the third person's income is 90,000 Omani riyals. And the fourth person has an income of 51,000 Omani riyals. And the fifth person has an income of 200,000 Omani riyals.) Question: According to the data mentioned above, find the tax rate imposed on the five persons. And the amount owed by each one of them?

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter12: Tax Credits And Payments

Section: Chapter Questions

Problem 30P

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