Taxes

Ife earns N72,000.00 per annum. His consolidated relief allowance is N15,000.00. How much is his tax free income

• 72,000

• 57000

• 15,000

• 87,000

Ife earns N72,000.00 per annum. His consolidated relief allowance is N15,000.00. How much is his taxable income

• N72,000

• N15,000

• N57,000

• N82,000

Tofunmi earns N360,000 per annum. he is allowed a tax free income of N10,000. Calculate his taxable income

• 360,000

• 350,000

• 370,000

• 10,000

Tofunmi earns N360,000 per annum. he is allowed a tax free income of N10,000. Calculate his income tax at 5% per annum.

• 17,500

• 18,000

• 10,000

• 360,000

The taxable income is the part of one's income that can be taxed

• False

• True

Another name for consolidated relief allowance is

• taxable income

• Tax free income

• Tax rate

• Inome tax