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Anindita

· started a discussion

· 1 Months ago

details required (Question: 106977.0 )

please elaborate the solution in details

Question:
Directions: Answer the following questions on the basis of the information given below. 

The pie charts show the break-up of gross income, taxes paid and expenses for five persons—A, B, C, D and E as a percent of the total of all the five persons in each case. The rate of tax on the gross income is as follows:


Up to Rs 10000 → 10%.

Above Rs 10000 → Rs 1000 + 20% of the amount exceeding Rs 10000.


Total Income =100,000





Net Income = Gross Income —Taxes 
Savings = Net Income — Expenses 
The expenses of each person was less than his net income.
What was the amount of tax paid by A?
Options:
A) Rs800
B) Rs 1000
C) Rs 1200
D) Rs 1400
E) None of these
Solution:
A paid a tax of Rs 1400.

Jissa

· commented

· 1 Months ago

Gross salary of A is 12000..As per the rat of tax given in the questn...1000+20% of 2000 =1400 will be the tax paid by A...

zuzz

· commented

· 1 Months ago

how to do it ?
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