- 5 Marks
PT – Mar 2024 – L2 – Q2c – Income Tax Liabilities
Compute the monthly pension payable to Ama Adaklu after retirement based on her last five years' salary.
Question
Ama Adaklu retired in December 2022 after contributing to SSNIT for 300 months, working with three different employers. The last 5 years of her annual salary are as follows:
| Year | Annual Salary (GH¢) |
|---|---|
| 2018 | 200,000 |
| 2019 | 220,000 |
| 2020 | 250,000 |
| 2021 | 450,000 |
| 2022 | 500,000 |
Required:
Compute the monthly pension payable to Ama Adaklu. (5 marks
Find Related Questions by Tags, levels, etc.
- Tags: Income Tax, Pension Computation, Retirement Benefits, SSNIT
- Level: Level 2
- Topic: Income Tax Liabilities
- Series: MAR 2024
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