calculate the income tax according income tax law 17/2004 if you know that he is married + 4 (one of them study at IUG by himself, he lives in a rented housed amounted 1600 $ per year. He has a new car a mounted 15000 $. It was bought by a loan from Arab bank with interest 3% per year for 5 years
calculate the income tax according income tax law 17/2004 if you know that he is married + 4 (one of them study at IUG by himself, he lives in a rented housed amounted 1600 $ per year. He has a new car a mounted 15000 $. It was bought by a loan from Arab bank with interest 3% per year for 5 years
Chapter15: Choice Of Business Entity—other Considerations
Section: Chapter Questions
Problem 84IIP
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Mr. Essam works in the Arab bank with monthly base salary 510 $ and bonus addition high cost of living amounted 80% of base salary. Bonus addition for cash risk 3% of base salary monthly. His contribution of saving box with 5% of base salary, & social security contribution (pension) 27$. Mr. Jehad get 13 salaries yearly (banking system).
1. Required: calculate the income tax according income tax law 17/2004 if you know that he is married + 4 (one of them study at IUG by himself, he lives in a rented housed amounted 1600 $ per year. He has a new car a mounted 15000 $. It was bought by a loan from Arab bank with interest 3% per year for 5 years
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