Taxes, rates and investment

Question 1 of 10

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

Question 2 of 10

A man earns GH₵42,000 a year with allowances of GH₵8,000. He pays income tax at 20% of taxable income. Find his tax.

Question 3 of 10

A man earns GH₵30,000 a year with allowances of GH₵4,000. He pays income tax at 25% of taxable income. Find his tax.

Question 4 of 10

A higher tax rate on higher income is called progressive taxation.

Question 5 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 6 of 10

Kwame owns 500 shares of face value GH₵5.00 each. The company declares a dividend of 12%. Find his dividend.

Question 7 of 10

The yield on an investment is

Question 8 of 10

Income tax is charged on

Question 9 of 10

A man earns GH₵48,000 a year with allowances of GH₵8,000. He pays income tax at 15% of taxable income. Find his tax.

Question 10 of 10

Property rates depend on the rateable value of the property.