Income tax
NSSF: Governmental unit's contribution
NSSF: Employee's contribution
Subscription of syndicates
Instalments of the employees' loans
Penalties on employees
L.L.8,220,000
L.L.9,000,000
L.L.800,000
L.L.1,000,000
L.L.3,200,000
L.L.800,000
Employee's Name: Mohammad
Family Status: Married, Non-Working Wife, 6 Children
Married Working Wife, 2 Children
Annual Salary: L.L.1,000,000
Khalid
L.L.7,000,000
Required:
1. Calculate the total NSSF for the month of January, which is due on both:
a. The Employee
b. The Governmental Unit (2 pts)
2. Calculate the total personal income tax for the month of January (4 pts).
Deductions for the month of January (2 pts).