Question 2 a) Income tax is calculated as follows; Taxable Salary Rate of Tax (GH¢) First 1000 0. 05 Next 1,000 0.10 Next 3,000 0.25 Next 4,000 0.40 Remainder 0.60 Calculate the tax on a taxable salary of; i. GH¢ 2,450 ii. GH¢ 10,500 with GH¢ 450 as none taxable allowance. b) A card is picked at random from cards numbered from 1 to 20. Find the probability that the number on the card is i. divisible by 5 ii. a prime number c) Find the following probabilities; P(0 < z < 2.32)
Question 2 a) Income tax is calculated as follows; Taxable Salary Rate of Tax (GH¢) First 1000 0. 05 Next 1,000 0.10 Next 3,000 0.25 Next 4,000 0.40 Remainder 0.60 Calculate the tax on a taxable salary of; i. GH¢ 2,450 ii. GH¢ 10,500 with GH¢ 450 as none taxable allowance. b) A card is picked at random from cards numbered from 1 to 20. Find the probability that the number on the card is i. divisible by 5 ii. a prime number c) Find the following probabilities; P(0 < z < 2.32)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question 2
a) Income tax is calculated as follows;
Taxable Salary Rate of Tax (GH¢)
First 1000 0. 05
Next 1,000 0.10
Next 3,000 0.25
Next 4,000 0.40
Remainder 0.60
Calculate the tax on a taxable salary of;
i. GH¢ 2,450
ii. GH¢ 10,500 with GH¢ 450 as none taxable allowance.
b) A card is picked at random from cards numbered from 1 to 20. Find the probability that the number on the card is
i. divisible by 5
ii. a prime number
c) Find the following probabilities; P(0 < z < 2.32)
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