
Use the tax table below to workout the annual tax payable and the monthly tax deductions for taxable income.
Tax able income (in )
Rates of Tax
of each
of the amount above
of the amount above
of the amount above
of the amount above
and above
of the amount above

Important Questions on Managing Money
Use the tax table below to workout the annual tax payable and the monthly tax deductions for taxable income.
Tax able income (in ) | Rates of Tax |
of each | |
of the amount above | |
of the amount above | |
of the amount above | |
of the amount above | |
and above | of the amount above |

Use the tax table below to answer the question that follows.
Single person (No dependants) | |
Taxable income | Income tax payable |
of the amount over | |
of the amount over | |
of the amount over | |
of the amount over | |
of the amount over | |
of the amount over |
Li-Gon has a taxable income of for this tax year. He tells his friends that he is in the tax bracket. Is this correct?

Use the tax table below to answer the question that follows.
Single person (No dependants) | |
Taxable income | Income tax payable |
of the amount over | |
of the amount over | |
of the amount over | |
of the amount over | |
of the amount over | |
of the amount over |
Li-Gon has a taxable income of for this tax year. He tells his friends that he is in the tax bracket. Does it mean that he pays in income tax? Explain why or why not.

Use the tax table below to answer the question that follows.
Single person (No dependants) | |
Taxable income | Income tax payable |
of the amount over | |
of the amount over | |
of the amount over | |
of the amount over | |
of the amount over | |
of the amount over |
Li-Gon has a taxable income of for this tax year. He tells his friends that he is in the tax bracket. When Li-Gon checks his tax return, he finds that he only has to pay income tax. Show how this amount is calculated by the revenue services.

Use the tax table below to answer the question that follows.
Single person (No dependants) | |
Taxable income | Income tax payable |
of the amount over | |
of the amount over | |
of the amount over | |
of the amount over | |
of the amount over | |
of the amount over |
How much tax would a person earning pay in this tax year?

Use the tax table below to answer the question that follows.
Single person (No dependants) | |
Taxable income | Income tax payable |
of the amount over | |
of the amount over | |
of the amount over | |
of the amount over | |
of the amount over | |
of the amount over |
Cecelia earned in taxable income in this year. Her employer deducts income tax per month from her salary. Will Cecelia have to pay additional tax at the end of the tax year or will she be due for a tax refund as a result of overpaying?

Use the tax table below to answer the question that follows.
Single person (No dependants) | |
Taxable income | Income tax payable |
of the amount over | |
of the amount over | |
of the amount over | |
of the amount over | |
of the amount over | |
of the amount over |
Cecelia earned in taxable income in this year. Her employer deducts income tax per month from her salary. How much is the amount due at the end of the year?

For the following saving amount, calculate the simple interest earned. Give your answer in .
Principal amount () | Interest rate () | Time invested |
years |
