Martha earns a gross salary of N$ 40,000 per month. The following deductions come off her

Question

gross salary: income tax 28%, pension fund 10%, medical aid fund 5%.
a) How much (in N$) does Martha pay in income tax?
b) How much (in N$) does Martha contribute to her pension fund?
c) How much (in N$) does Martha contribute to her medical aid fund?
d) Determine Martha’s net salary (gross salary after deductions).
Martha ‘s expenses include: ⅓ of her net salary for housing and a ¼ of her net salary for
her vehicle.
e) How much (in N$) does Martha pay for her housing?
f) How much (in N$) does Martha pay for her vehicle?
g) What is Martha’s disposable income (income after deductions and expenses) in N$?

Answer 1

a)134400
b)48000
c)24000
d)263600
e)7600
f)5700
g)114000