Income | MCQs

Explanation

Ahmed earns Rs. 45,696 in a year. What is his average monthly income?

= 45,696/12

= 3808

Explanation

 Agriculture constitutes the largest sector of our economy.

The majority of the population, directly or indirectly, is dependent on this sector.

AGM 02.05.2023

Explanation

Let P, Q and R represent their respective monthly incomes. Then, we have:

P + Q = (5050 x 2) = 10100 .... (i)

Q + R = (6250 x 2) = 12500 .... (ii)

P + R = (5200 x 2) = 10400 .... (iii)

Adding (i), (ii) and (iii), we get: 2(P + Q + R) = 33000 or P + Q + R = 16500 .... (iv)

Subtracting (ii) from (iv), we get P = 4000

Therefore P's monthly income = Rs. 4000

Explanation

Annual salary = Rs. 6000 × 12 = Rs. 72,000

Taxable income after rebate = Rs. 72,000 - Rs. 50,000 = Rs. 22,000

Income tax = 5% of Rs. 22,000 = Rs. 1100

Explanation

Given Ahmed's income is Rs. 85,000 and expenditure is Rs. 51,000:

The ratio of income to expenditure is 85,000 : 51,000.

To simplify, divide both parts by their greatest common divisor, which is 17,000:

85,000 / 17,000 = 5

51,000 / 17,000 = 3

So, the ratio is 5:3.

Explanation

Let income be $x$.
10% of $x$ = 1500
10/10​0×x=1500
$x=\frac{1500\times 100}{10}<br>$

​=15000

Explanation

Let's say B's income is 100%.

Then, A's income is 60% (since it's 40% less than B's).

To find out how much percent B's income is more than A's income, we need to find the difference between their incomes and divide it by A's income, then multiply by 100:

((B's income - A's income) / A's income) * 100

= ((100 - 60) / 60) * 100

= (40 / 60) * 100

= 66.66%

So, B's income is 66.66% more than A's income.

Explanation

1. Average income of A and B is 50000, so their total income is:

2 x 50000 = 100000

2. Average income of B and C is 60000, so their total income is:

2 x 60000 = 120000

3. Average income of A and C is 55000, so their total income is:

2 x 55000 = 110000
Now, let's analyze the situation:

- A's income + B's income = 100000 ... (1)

- B's income + C's income = 120000 ... (2)

- A's income + C's income = 110000 ... (3)

We can add (1) and (3), and subtract (2) from the result:
(100000 + 110000) - 120000 = 90000
Simplifying this, we get:
190000 - 120000 = 70000
Now, divide by 2:
70000 / 2 = 35000
Now, add B's income and C's income (equation 2):
35000 + C's income = 120000
Subtract 35000 from both sides:
C's income = 85000
Now, subtract C's income from equation (3):
A's income + 85000 = 110000
Subtract 85000 from both sides:
A's income = 25000
Now, subtract A's income from equation (1):
25000 + B's income = 100000
Subtract 25000 from both sides:
B's income = 75000 - 25000
B's income = 55000
So, B's income is 55000.

Explanation

More regressive taxes

Factors that contribute to income inequality are closely linked to economic, social and political causes. People have different wages for each job, leading to income inequality. People of different levels of education often earn different wages, but their social situation can be different as they grow up.

Explanation

less means کم

His income is less than yours.