Question on: JAMB Mathematics - 2015
A man with an annual salary of N2000, has allowances of N600. If Income Tax is 5%. How much tax does he pay each year?
A
15
B
20
C
30
D
25
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Correct Option: C
His annual salary = N2000
His allowances = N600
So his taxable income = Annual salary − allowance
= N2000 − N600
= N1400
He pay at 5%
Then, his allowance income tax 5/100 × 600 = N30
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