Commission earned Kshs. (8368 – 6700) = Kshs. 1668/=
let sales in 3rd bracket be y
10/100 x 5000) + (15/100 x 3000) + (20/100 x y) = 1668
500 + 450 + 0.2y = 1668
0.2y = 1668 – 950 = 718
y = 718/0.2 = 35%
Total sales = (8000 + 3590)
= shs.11590
Kavungya answered the question on June 19, 2019 at 10:03
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The table below shows the annual income tax rates for a certain year.
Kiptoo earns a monthly salary of Kshs.25000. He is entitled to house and...
(Solved)
The table below shows the annual income tax rates for a certain year.
Kiptoo earns a monthly salary of Kshs.25000. He is entitled to house and medical allowances
of Kshs.12000 and Kshs.3000 respectively
Calculate:
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Date posted:
June 19, 2019
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Answers (1)
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A company employee earns a basic salary of Kshs.25,000 and is also given taxable allowances
amounting to Kshs.10,480.
Using the table of taxation above:-
(a) Calculate the employee’s...
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A company employee earns a basic salary of Kshs.25,000 and is also given taxable allowances
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Using the table of taxation above:-
(a) Calculate the employee’s taxable income
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Date posted:
June 19, 2019
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Answers (1)
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A certain amount of money was invested at compound interest of 10% compounded
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June 19, 2019
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Date posted:
June 19, 2019
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What would Kshs.15000 amount to after 3years at 16% per annum compounded quarterly?
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Date posted:
June 19, 2019
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Answers (1)
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Income rates for income earned were charged as follows:
Income in Kshs. p.m Rate in Kshs. per sh.20
1- 8400 ...
(Solved)
Income rates for income earned were charged as follows:
Income in Kshs. p.m Rate in Kshs. per sh.20
1- 8400 2
8401- 18,000 3
18,001- 30,000 4
30,000 - 36,000 5
36,001 - 48,000 6
48,001 and above 7
A civil servant earns a monthly salary of Ksh.19,200. His house allowance is Ksh12,000 per
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He is entitled to a family relief of Kshs. 1240 per month.
Determine:
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(ii) Net tax. b) In addition, the following deductions were made
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Date posted:
June 19, 2019
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Answers (1)
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Use the taxation rates in the table below to answer the questions that follow;-
The manager of a certain company is entitled to a monthly personal...
(Solved)
Use the taxation rates in the table below to answer the questions that follow;-
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and her tax (PAYE) is kshs.9000 per month she is also deducted NHIF shs.350 per month,
WCPS shs.800 per month and cooperative shares shs.1200 per month, calculate
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(c) The manager’s annual gross salary
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Date posted:
June 19, 2019
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Answers (1)
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The table below shows the income tax for a certain year;
In that year, Odero paid a net tax of Kshs.5,512 per month. His total monthly...
(Solved)
The table below shows the income tax for a certain year;
In that year, Odero paid a net tax of Kshs.5,512 per month. His total monthly taxable allowances
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Every month the following deductions were made;
N.H.I.F Kshs.320
Union dues Kshs.200
Co-operative shares Kshs.7,500
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(b) Calculate his monthly salary
Date posted:
June 19, 2019
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Answers (1)
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(a) A car is worth shs.800,000 when new. During the first year it depreciates by 20%
of its value and in the second it deprecates by...
(Solved)
(a) A car is worth shs.800,000 when new. During the first year it depreciates by 20%
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During the third, fourth and fifth year, depreciation rate is 10%. How much less will
it cost at the end of the fifth year?
(b) Find by how much the compound interest will exceed simple interest on shs.3,000
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Date posted:
June 19, 2019
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Answers (1)
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The table below shows the income tax rates:
Income per month (K£) Rate in Kshs per £
1 - 325 ...
(Solved)
The table below shows the income tax rates:
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Mr. Misoi is a public servant who lives in a government house and pays a nominal rent of Kshs.1,220 per month. He earns a basic salary of Kshs. 24,800 and a house allowance of Kshs.12,000 per month. He is entitled to a monthly relief of kshs.1620.
(a) Calculate his monthly;
(i) Taxable income in K£
(ii) Tax payable without relief
(iii) Tax after relief
(b) Apart from the income tax. The following monthly deductions are made from his earnings
-HELB loan repayment Kshs.2400
- Health insurance fund Kshs.1200
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Calculate:- (i) the total monthly deduction made on Mr. Misoi’s income
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Date posted:
June 19, 2019
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Answers (1)
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Joseph bought a camera on hire purchase (H.P) term by paying a deposit of shs.7200
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(Solved)
Joseph bought a camera on hire purchase (H.P) term by paying a deposit of shs.7200
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(a) find the hire purchase price of the camera
(b) the hire purchase price of the camera is 24% higher than the cash price. Find the
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(c) Kangara took a loan from a financial institution and bought the camera with cash.
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Date posted:
June 19, 2019
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Answers (1)
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Income tax for all the income earned was charged at the rates shown.
(a) Wanyonyi earned a salary of Kshs.10,500 per month. In addition he was...
(Solved)
Income tax for all the income earned was charged at the rates shown.
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Find ; (i) His taxable income p.a (ii) Income tax he pays per month.
(b) A part from income tax the following deductions are made per month. NHIF of Kshs.320,
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Date posted:
June 19, 2019
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Answers (1)
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The table below shows the rate at which income tax is charged for all taxable income.
...
(Solved)
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Date posted:
June 19, 2019
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Answers (1)
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ABCD is a parallelogram with vertices A (1,1) and C(8,10). AB has the equation
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(Solved)
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Date posted:
June 19, 2019
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Answers (1)
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OABC is a trapezium such that the coordinates of O, A , B and C are (0, 0), (2, -1), (4, 3)
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Date posted:
June 19, 2019
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Answers (1)
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In the figure below (not drawn to scale), PQRS is a rectangle and P and Q are the points
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Given that the...
(Solved)
In the figure below (not drawn to scale), PQRS is a rectangle and P and Q are the points
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Given that the equation of the line PQ is y =3x -7, find:
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Date posted:
June 19, 2019
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Answers (1)
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Find the equation of a line which passes through the point (2, 3) and is perpendicular to
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(Solved)
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Date posted:
June 19, 2019
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(Solved)
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Date posted:
June 19, 2019
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Answers (1)
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In certain day the bank rates for changing dollars to shillings are given below.
Buying selling
Dollar 78.43 ...
(Solved)
In certain day the bank rates for changing dollars to shillings are given below.
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An American tourist changed US dollar 1500 to shillings, but then had to return to U. S. A
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June 19, 2019
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(Solved)
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Date posted:
June 19, 2019
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Answers (1)