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Total Income Per Year Rates in Shillings Per in Shillings 20 Shillings

This document contains sample math word problems involving calculating appreciation rates, income tax rates, and net monthly salaries. The first problem asks to calculate the value of a house after 9 years appreciating at 12% annually and to find the appreciation rate and time for two house values. The second problem determines the appreciation rate of a plot of land over 4 years. The remaining problems use income tax tables to calculate tax rates and net monthly salaries based on various salary, allowance, and relief details.

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Francis Mdhamin
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37 views

Total Income Per Year Rates in Shillings Per in Shillings 20 Shillings

This document contains sample math word problems involving calculating appreciation rates, income tax rates, and net monthly salaries. The first problem asks to calculate the value of a house after 9 years appreciating at 12% annually and to find the appreciation rate and time for two house values. The second problem determines the appreciation rate of a plot of land over 4 years. The remaining problems use income tax tables to calculate tax rates and net monthly salaries based on various salary, allowance, and relief details.

Uploaded by

Francis Mdhamin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as RTF, PDF, TXT or read online on Scribd
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11.

At the beginning of the year 1998, Kanyingi bought two houses, one in Thika and the other one in Nairobi, each
at Ksh 1 240 000. The value of the house in Thika appreciated at the rate of 12% p.a.
(a) Calculate the value of the house in Thika after 9 years, to the nearest shilling.(2 marks)
(b) After n years, the value of the house in Thika was Ksh 2 741 245 while the value of the house in Nairobi was
Ksh 2 917 231.
(i) Find n. (4 marks)
(ii) Find the annual rate of appreciation of the house in Nairobi.
(4 marks)
[2009 PP2 No. 18]
12. Muga bought a plot of land for Ksh 280 000. After 4 years, the value of the plot was Ksh 495 000. Determine the
rate of appreciation, per annum, correct to one decimal place. (3 marks)
[2014 PP2 No. 12]
27.4 Income Tax
1. Kamau's basic salary was K5,520 per annum when the rates of P.A.Y.E were as per the table below:
Salary in pounds Tax in sh per pound
0 - 2300 2
2301 - 4600 3
4601 - 6900 5
6901 and over 8
He claimed a personal relief of sh. 220 per month. Every month sh. 120 was deducted from his salary towards a
pension scheme and sh. 100 deducted towards local service charges. Calculate his net monthly salary to the nearest
10 cents. (8 marks)
[1992 PP2 No. 17]
2. Income tax for all the income earned was charged at rates shown below.
Total income per year Rates in shillings per
in shillings 20 shillings
1 - 39,600 2
39,601 - 79,200 3
79,201 - 118,800 5
118,801 - 158,400 7
158,401 - 198,000 9
Excess over 198,000 10
Kariuki earned salary of sh. 7,500 per month. In addition he was given a house allowance of sh. 2,500 per month.
He got family relief of sh. 200 per month. How much income tax did he pay per month? (8 marks)
[1993 PPl No. 17]
3. The table below shows the income tax rates.
Total income per month Rate in shillings
in Kenya pounds per pound
1 - 3 2 5 2
326 - 650 3
651 - 975 4
976 - 1300 5
1301 - 1625 7
Over 1625 7.50

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