SOLUTION: Mr. Buah earns ¢120000 as gross income per year. His tax fee allowance is ¢1500. How much tax does he have to pay if he is liable to tax at a basic rate of 15%.

Question 1195547: Mr. Buah earns ¢120000 as gross income per year. His tax fee allowance is ¢1500. How much tax does he have to pay if he is liable to tax at a basic rate of 15%.
Found 2 solutions by nycmathdad, Alan3354:
Answer by nycmathdad(2) (Show Source): You can put this solution on YOUR website!
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Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
Mr. Buah earns ¢120000 as gross income per year. His tax fee allowance is ¢1500. How much tax does he have to pay if he is liable to tax at a basic rate of 15%.
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He pays tax on 120000 - 1500 = 118500
Tax is 0.15*118500
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IDK what the other "tutor" is trying to do.

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