- 6 Marks
PT – April 2022 – L2 – Q3a – Income Tax Liabilities
Explain the tax treatment for overtime allowance and bonus payments in Ghana.
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- 5 Marks
PT – April 2022 – L2 – Q3b(i & ii) – Income Tax Liabilities
Compute the tax liability on overtime allowances for Maame Agyeiwaa for January and February 2021.
Question
b) Maame Agyeiwaa is a junior staff member of KayDee Ltd. Her monthly basic salary is GH¢800. She was paid an overtime allowance totalling GH¢100 during the month of January 2021. In February 2021, Maame Agyeiwaa was paid overtime allowance totalling GH¢500.
Required:
i) Compute her tax liability on the overtime allowance for the month of January 2021.
(2 marks)
ii) Compute her tax liability on the overtime allowance payments for the month of February 2021.
(3 marks)
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- 3 Marks
PT – April 2022 – L2 – Q3c – Income Tax Liabilities
Determine the tax implication of overtime allowance paid to Bawa in February 2021.
Question
c) Bawa is a junior staff member of Blinks Ltd. Her monthly basic salary is GH¢2,000. She was paid an overtime allowance totalling GH¢500 during the month of February 2021.
Required:
What is the tax implication of the overtime allowance paid?
(3 marks)
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- 6 Marks
PT – April 2022 – L2 – Q3a – Income Tax Liabilities
Explain the tax treatment for overtime allowance and bonus payments in Ghana.
Find Related Questions by Tags, levels, etc.
Report an error
- 5 Marks
PT – April 2022 – L2 – Q3b(i & ii) – Income Tax Liabilities
Compute the tax liability on overtime allowances for Maame Agyeiwaa for January and February 2021.
Question
b) Maame Agyeiwaa is a junior staff member of KayDee Ltd. Her monthly basic salary is GH¢800. She was paid an overtime allowance totalling GH¢100 during the month of January 2021. In February 2021, Maame Agyeiwaa was paid overtime allowance totalling GH¢500.
Required:
i) Compute her tax liability on the overtime allowance for the month of January 2021.
(2 marks)
ii) Compute her tax liability on the overtime allowance payments for the month of February 2021.
(3 marks)
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- 3 Marks
PT – April 2022 – L2 – Q3c – Income Tax Liabilities
Determine the tax implication of overtime allowance paid to Bawa in February 2021.
Question
c) Bawa is a junior staff member of Blinks Ltd. Her monthly basic salary is GH¢2,000. She was paid an overtime allowance totalling GH¢500 during the month of February 2021.
Required:
What is the tax implication of the overtime allowance paid?
(3 marks)
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