Old MathJax webview A resident has following information for calculating personal tax in taxed...

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Accounting

Old MathJax webview

A resident has following information for calculating personal tax in taxed year as following:

- Earnings from salary (before deducting compulsory insurance fees) is 900 million per year

- Bonus for holidays in year: 50 million

- Job allowance under legal provisions of the Government: 20 million. - He has one child declared as his dependent.

He has only one apartment, this year, he sold it with the price of 2.800 million . After that, he bought the apartment with price of 2.300 million . Requirement: Determine the amount of personal income tax that this person has to pay in the taxed year.

tax rate = 20%

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