- 6 Marks
Question
Yamutu was employed by Yazo Company Ltd on 1 June 2016 with an annual basic salary of GH¢400,000. She was paid a bonus of GH¢240,000 in 2019.
Required:
Determine the tax on bonus and total tax liability of Yamutu in 2019.
Answer
Determination of Basic Salary for 2019:
- Tags: Bonus Taxation, Employee Income, Income Tax, Salary Calculation
- Level: Level 2
- Topic: Income Tax Liabilities
- Series: AUG 2022
- Uploader: Theophilus