Homework Answers
1. under this the 2,17,500 is taxable income . and tax
percentage is 25% than tax payable is 54,375.
than after tax income is =2,17,500-54,375=1,63,125
after tax income = pretax income [1 - tax rate ]
1,63,125 =pretax income[1-35%]
1,63,125=pretax income[65%]
pretax income=1,63,125/65%
than pretax income =250961.53
song will pay income tax = 250961.53*35% =90671.54
taxable income[change in payable tax]=
90671.54-54,375=36296.54
2. this is true.
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