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.
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
1 answer