Question 1 Report
A tax player is allowed \( \frac{1}{8} \)th of his income tax-free, and pays 20% on the remainder. If he pays ₦490.00 tax, what is his income?
₦560.00
₦2,450.00
₦2,800.00
₦3,920.00
Answer Details
He pays tax on 1 - 78 7 8 = 17 1 7 th of his income20% is 490, 100% is 100020 1000 20 x 490, ₦2,450.00= 78 7 8 of his income = ₦2,450.00
178 1 7 8 x 2450= 8×24507 8 × 2450 7 = 196007 19600 7 = ₦2800.00
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