PT – Nov 2023 – L2 – Q1b – Income Tax Liabilities

Compute tax payable for resident and non-resident individuals for the 2022 year of assessment.

Question

The information below relates to individuals who earned income in the 2022 year of assessment:
Resident individuals:
Mr. Agandi and Mr. Yonny are resident employees in Ghana. The chargeable income earned per annum by Mr. Agandi and Mr. Yonny amounts to GH¢300,000 and GH¢650,000 respectively.

Non-Resident individuals:
Mrs. Zindana and Mrs. Maleda are non-resident individuals. Mrs. Zindana and Mrs. Maleda have earned chargeable incomes to the tune of GH¢300,000 and GH¢650,000 per annum respectively.

Required:
Compute their respective taxes payable for the 2022 year of assessment.

Answer

Computation of tax payable – Mr Agandi

Computation of tax payable – Mr Yonny

Non-Residents
The chargeable income of non-resident individuals is taxed at a flat rate of 25%.

Tax Payable Mrs. Zindana: 25% x 300,000 = GH¢75,000
Tax Payable Mrs. Maleda: 25% x 650,000 = GH¢162,500

Tags: Income Tax, Non-Resident Individuals, Resident Individuals, Tax computation
Level: Level 2

Topic: Income Tax Liabilities
Series: NOV 2023

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