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?

Assessment: JAMB UTME - Mathematics - 1988 Subject: General Mathematics

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?

Answer Details

He pays tax on 1 -  7 8  =  1 7 th of his income
20% is 490, 100% is  1000 20  x 490, ₦2,450.00
=  7 8  of his income = ₦2,450.00

1 7 8  x 2450
=  8 × 2450 7
=  19600 7
= ₦2800.00

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning