6.00
Question 2:
(2 marks)
Suppose that:
In Viet Nam, each people has to pay for his/her yearly personal income tax as the following description:
Rules:
Tax-free income:
Personal pending amount (tiền nuôi bản thân) pa= 9 000 000$/month
Alimony (tiền cấp dưỡng) for each his/her dependent pd= 3 600 000$/month/dependent
With n dependents, Yearly tax-free income: tf = 12*(pa + n*pd)
Taxable income (thu nhập chịu thuế)
ti income-tf (If ti<=0 then income tax = 0)
Based on taxable income, the employee has to pay his/her income tax with levels pre-defined in the following table:
Level Taxable Income
1
Income tax
5%
10%
15%
20%
2
3
4
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Less than or equal to 5.000.000
From 5.000.001 to 10.000.000
From 10.000.001 to 18.000.000
Over 18.000.000
+ 100%
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