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Form 3 Income Tax Questions and Answers

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Summary

This document contains 3 questions and answers on income tax.
Questions and calculations to arrive on answers with all the formulas required to tackle questions about income tax.

QUESTION AND ANSWER INCOME TAX
1.In June of a certain year ,an employee’s basic salary was Ksh.17,000. The employee was also paid a house allowance of Kshs.6, 000, a commuter allowance of Ksh 2,500 and a medical allowance of Kshs 1,800.in that year, the employees basic salary was raised by 2%
(a) Calculate the employees:
(i) Basic salary for July (2mks)
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