A worker's monthly salary of GH₵ 1,800 is taxed at a flat rate of 12%. What is his net take-home pay?
Answer and explanation
Correct answer: B. GH₵ 1,584.00
- Step 1: Tax deducted = 12% of 1,800 = 0.12 1,800 = GH₵ 216.00. Step 2. Net take-home pay = Gross Salary - Tax = GH₵ 1,800.00 - GH₵ 216.00 = GH₵ 1,584.00. Answer: GH₵ 1,584.00. Why not the others:* GH₵ 216.00 is the tax amount itself; GH₵ 1,500.00 subtracts GH₵ 300; GH₵ 1,620.00 taxes at 10%.
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