Question

4. Tolcha is the shareholder at ABC bank earning a dividend of Br 35,000.0⁰ -How much is the tax rate? Calculate the income tax 5. Hawa advertises her business at kk Company. Calculate income tax for the advertisement White cost of Br 55000.00​

Answer 1

To calculate income tax, the specific tax rate must be applied to the taxable amount. Without the tax rate, it is not possible to determine the income tax on a dividend income of Br 35,000.0 or the cost of advertising of Br 55,000.00.

Step-by-step explanation:

The question asks to calculate the income tax for two different scenarios: dividend income from being a shareholder in a bank and the cost of advertising a business. Unfortunately, the tax rate is not provided in the question for the dividend income of Br 35,000.0, nor for the advertisement cost of Br 55,000.00. To calculate the income tax, we would need to know the specific tax rate. However, generally speaking, the income tax can be derived by applying the tax rate to the taxable amount. For a hypothetical example, if the tax rate was 10%, Tolcha's income tax on the dividend would be Br 3,500.00, and Hawa's tax for the advertisement expenses would be Br 5,500.00.