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Mr. Rehman pays 10% tax on Income earned over Tk. 60,000 but he does not pay any tax on interest on savings certificates. In 2006, he paid Tk. 7,500 as tax and earned Tk 12.000 as interest on savings certificates. What was his total income in 2006?

Ashifur August 8, 2023 - 16:28

Problem: Mr. Rehman pays 10% tax on Income earned over Tk. 60,000 but he does not pay any tax on interest on savings certificates. In 2006, he paid Tk. 7,500 as tax and earned Tk 12.000 as interest on savings certificates. What was his total income in 2006?

View all: BANGLADESH BANK | ASSISTANT DIRECTOR | WRITTEN QUESTION (MATH) SOLVE | 2008

Correct Answer: TK 147000

Explanation:

When Mr. Rehman pays tax TK 10, his income is = 100 TK

When Mr. Rehman pays tax TK 7500, his income is = $\frac{100 x 7500}{10}$ TK = 75000 TK

In 2006 he earned Tk 12.000 as interest on savings certificates.

So his net income = 75000+60000+12000 = 147000 TK

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