Thursday, January 9, 2014

Amendment to class solutions to Qn 17a of Chpt 01 Prac Applications of Math notes

Hi S4-02, 

Apologies but the answers to questions 17a a should be computed after taking into account the tax rebates (see page 15 , 3 sentences at bottom of tax bracket table)

tax payable = $366.25
tax payable after rebate = (0.7) x 366.25 = $256.38

because there is a tax rebate (discount) for persons below 60 years of age as stated in table.

final tax payable = $0 

because there is a parenthood rebate of $5000 for Mr Heng (as stated in question) 

Mr Wee

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