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Updated on: 29 Sep 2023, 01:52
Originally posted by sallyabdul on 14 Jan 2021, 11:57.
Last edited by BottomJee on 29 Sep 2023, 01:52, edited 4 times in total.
Last edited by BottomJee on 29 Sep 2023, 01:52, edited 4 times in total.
Formatted
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Provincial: 4,500
National: 0
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
25%
(medium)
Question Stats:
82% (02:17) correct
18%
(02:36)
wrong
based on 469
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Households in City X pay provincial and national taxes on a portion of the household income. The provincial tax is 10% of all household income that exceeds the product of 5,000 euros (€) times the number of members of the household. If household income does not exceed this product, no provincial tax is collected. The national tax is 20% of all income that exceeds the product of €15,000 times the number of members of the household. If the household income does not exceed this product, no national tax is collected.
A household has a total income of €70,000 and 5 members. In the table, select the amount of provincial and national taxes collected from the household. Make only two selections, one in each column.
A household has a total income of €70,000 and 5 members. In the table, select the amount of provincial and national taxes collected from the household. Make only two selections, one in each column.
| Provincial | National | |
| 0 | ||
| 4,500 | ||
| 5,500 | ||
| 6,500 | ||
| 9,000 | ||
| 11,000 |
ShowHide Answer
Official Answer
Provincial: 4,500
National: 0
shameekv1989
14 Jan 2021, 13:39
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sallyabdul
"10% of all household income that exceeds the product of 5,000 euros (€) times the number of members of the household."
it should be 10% of (70000-25000) i.e. whatever exceeds 5000*5. would be 4500 correctly so.
sudeshpatodiya
Posts: 92
15 Jan 2021, 03:39
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Quote:
Total Income = 70000
Provincial Tax on amount = 10% of (70000- 5000*5) = 10% of 45000 = 4500
National Tax (Levied on no. of members*15000), so tax is levied if income is greater that 15000 * 5 = 75000
But, income is 70000 only. So, National tax = 0
PT = 4500
NT = 0
