MCQOPTIONS
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| 1. |
A man’s annual income is Rs3500. He pays no income tax on allowances. On the remainder he pays Rs128 as income tax at 4%. What amount does he get as allowances? ( ADP COMPANY) |
| A. | Rs300 |
| B. | Rs250 |
| C. | Rs320 |
| D. | Rs280 |
| Answer» B. Rs250 | |