20. Asha's income is 12000 per month. She pays 20% tax Oh monthly income above 2000 and she spends 30% of the remaining income. How much does she saye annually? (4) 70000 (b) < 60000 (c) 84000 (d) 50000
Answers
Answered by
1
Step-by-step explanation:
given that shyam's monthly salary =12000
his saving =1200
his expenditure =12000−1200
=10800
so percentage saving =
2000
1200
×100=10%
his percentage expenditure =
12000
10800
×100=90%
Therefore his saving is 10% and expenditure is 90% of his income.
Hope this will help you
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Answered by
3
Answer:
Monthly Income = Rs.12000
Yearly Income = Rs.144000
Monthly Tax @ 20% above 2000 = 20% of Rs.(12000 - 2000)
Yearly Tax = Rs.2000 * 12 = Rs.24000
Remaining Yearly Income = Rs.144000 - Rs.24000
= Rs.120000
Expenses = 30% of Rs.120000
= Rs.36000
Yearly Net Savings = Rs.120000 - Rs.36000
= Rs.84000
Ans: (c) 84000
Note : You have mentioned she pays Tax on monthly come. I have assumed the tax is also monthly and based my answer on that
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