Taxes, rates and investment

Question 1 of 10

A man earns GH₵48,000 a year with allowances of GH₵6,000. He pays income tax at 25% of taxable income. Find his tax.

Question 2 of 10

Tax allowances increase taxable income.

Question 3 of 10

Shares bought at a discount cost

Question 4 of 10

Property rates depend on the rateable value of the property.

Question 5 of 10

VAT is added to the price of goods and services.

Question 6 of 10

A house has a rateable value of GH₵12,000. At a rate of 15 pesewas per cedi, the rates payable are GH₵___

Question 7 of 10

A man earns GH₵42,000 a year with allowances of GH₵4,000. He pays income tax at 20% of taxable income. Find his tax.

Question 8 of 10

Kwame owns 1000 shares of face value GH₵2.00 each. The company declares a dividend of 10%. Find his dividend.

Question 9 of 10

A house has a rateable value of GH₵10,000. At a rate of 10 pesewas per cedi, the rates payable are GH₵___

Question 10 of 10

A dividend is