::: vuaskari.com ::: (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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