Question Tag: Bonus Taxation

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PT – Aug 2022 – L2 – Q3a – Income Tax Liabilities

Determine the total tax liability for an employee's bonus and salary in 2019.

Yamutu was employed by Yazo Company Ltd on 1 June 2016 with an annual basic salary of GH¢400,000. She was paid a bonus of GH¢240,000 in 2019.
Required:
Determine the tax on bonus and total tax liability of Yamutu in 2019.

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PT – Aug 2022 – L2 – Q3a – Income Tax Liabilities

Determine the total tax liability for an employee's bonus and salary in 2019.

Yamutu was employed by Yazo Company Ltd on 1 June 2016 with an annual basic salary of GH¢400,000. She was paid a bonus of GH¢240,000 in 2019.
Required:
Determine the tax on bonus and total tax liability of Yamutu in 2019.

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