Wednesday, 13 June 2012

..::VU-Pink::.. (NVU) Solution of FIN 623



salam 2 all
please tell me that is this solution is right or wrong
 For taxable income
Basic salary                            40,000
Medical expense                     90,000
children fee paid                      10,000
bonus                                     70,000
cheque received as
performance awarded
from president of company       50,000
FAir Market value of jeep
provided by the employer
for personal n official use        950,000
--------------------------------------------------------
                                           1210,000*30% = 363000
we take now separte %ages for the value 1,271,200
 with 11% , 10% , 20%
n we get the values 139832, 120,000, 14240
when we add 120,000 n 14240 its sum is less than 139832
 134240
 
 
 
please tell me is this is right or wrong ....
 
 
 
 
 
 
 
 
 
 
 
 
 


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