A man who earns N480 in a month has to pay 25k as tax on every Naira. How much tax does he pay for the month

1 answer

To calculate the amount of tax the man has to pay for the month, we need to multiply his earnings by the tax rate.

Tax rate per Naira = 25k
Earnings per month = N480

Tax to pay = Earnings * Tax rate per Naira
Tax to pay = N480 * 25k
Tax to pay = N480,000

Therefore, the man pays N480,000 in tax for the month.