Question

The standard rate of income tax is roughly 40% how much tax would a person pay on this income. (a) 50,000​

Answer 1

Answer:

₹20,000

Step - by - Step Explanation

40% of 50,000

= $\frac{40}{100}$ × $50,000$

= 20,000

∴ The person would pay ₹20,000 as income tax

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