EXAMPLE 2.
EXAMPLE 3.
-
MONDAY, MARCH 21, 1977
MARRIED PERSON, WITH NO CHILDREN, EARNING $40,000 A YEAR
SALARY 1
$40,000
LESS MARRIED ALLOWANCE
$25,000
(BASIC + SUPPLEMENTARY ALLOWANCES)
$15,000
ADD: REDUCTION (20 PER CENT OF $15,000)
$ 3,000
NET CHARGEABLE INCOME
$18,000
TAX THEREON
NOTE: (ACTUAL SUPPLEMENTARY PERSONAL ALLOWANCE
IS THEREFORE $5,000 $3,000 - $2,000)
***********
$ 1,300
MARRIED PERSON, WITH ONE CHILD, EARNING $45,000 A YEAR
SALARY:
$45,000
LESS MARRIED ALLOWANCE
$25,000
(BASIC + SUPPLEMENTARY ALLOWANCES)
$20,000
ADD: REDUCTION (20 PER CENT OF $20,000)
$ 4,000
LESS CHILD ALLOWANCE (AS INCREASED)
$24,000 $ 4,000
NET CHARGEABLE INCOME
$20,000
TAX THEREON
NOTE (ACTUAL SUPPLEMENTARY PERSONAL ALLOWANCE
IS THEREFORE $5,000 - $4,000
G
$1,000)
/6.....
$ 1,500