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  • Exercise 2: Assuming 1USD 20,000 VND His Son 18 Year Old

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    Thảo Nguyên
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    The document contains calculations to determine taxable income and income tax for two individuals. For the first individual, the net income is determined to be 1,856 million VND after deductions. The taxable housing amount is determined to be 413.7 million VND, resulting in a total taxable income of 2,118.5 million VND. The income tax is calculated to be 84.8 million VND. For the second individual, calculations are shown to determine taxable income under the net basic and gross basic methods, resulting in total taxable incomes of 742.6 million VND and 512 million VND respectively.

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    pit f6

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    PIT Exercise

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    The document contains calculations to determine taxable income and income tax for two individuals. For the first individual, the net income is determined to be 1,856 million VND after deductions. The taxable housing amount is determined to be 413.7 million VND, resulting in a total taxable income of 2,118.5 million VND. The income tax is calculated to be 84.8 million VND. For the second individual, calculations are shown to determine taxable income under the net basic and gross basic methods, resulting in total taxable incomes of 742.6 million VND and 512 million VND respectively.

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    © All Rights Reserved
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    11 views2 pages

    Exercise 2: Assuming 1USD 20,000 VND His Son 18 Year Old

    Uploaded by

    Thảo Nguyên
    The document contains calculations to determine taxable income and income tax for two individuals. For the first individual, the net income is determined to be 1,856 million VND after deductions. The taxable housing amount is determined to be 413.7 million VND, resulting in a total taxable income of 2,118.5 million VND. The income tax is calculated to be 84.8 million VND. For the second individual, calculations are shown to determine taxable income under the net basic and gross basic methods, resulting in total taxable incomes of 742.6 million VND and 512 million VND respectively.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 2

    Exercise 2: Assuming 1USD = 20,000 VND; his son < 18 year old

    Net income (ex housing )= 60,000 + 24,000 +4,800 +4,000 = 92,800 USD = 1,856 mil
    VND
    Deduction = 9mil VND *12 +3.6*12 = 151.2 mil
    A = 1,856 mil– 151.2 mil = 1,704.8mil
    Gross A = (1,704.8mil – 9,85mil)/0.65 = 2,607 mil =B
    C = B+ deduction =2,758 mil
    15% C = 413,7 mil
    Actual housing = 3,250 USD *12 = 39,000 USD = 780mil
     Taxable housing = 413,7 mil =D
     Gross (A+D) = Gross (2,118.5mil) = 3,224 mil
     Assessable income /month = 270.3mil
     PIT = 0,35* 270.3mil – 9.85 =84.8 mil
    Exercise 3:
     Net basic
    Taxable lunch allowance = 12 mil – 730k*12= 3.24 mil
    Net income = 456 + 36 + 3.24 = 495.24 mil =A
    Deduction = 9mil VND *12 = 108mil
    A = 495.24 mil– 108 mil= 387.24mil
    Gross A = (387.24mil – 9,85mil)/0.65 = 580.6 mil =B
    C = B+ deduction =688.6 mil
    15% C = 103.3 mil
    Actual housing = 54mil
     Taxable housing = 54 mil =D
     Total taxable income = C+D = 742.6 mil
     Gross basic
    Gross wage = 456 mil => Net wage = 456 * 0.65 + 9.85 =306.25 mil
    Net income (ex housing)= 306.25+36 +3.24 = 345.49 mil
    Deduction = 9 mil *12 = 108 mil
    A = 345.49-108= 237.49 mil
    Gross A = (237.49 mil – 9,85tr)/0.65 = 350 mil =B
    C = B+ deduction =458 mil
    15% C = 68.7 mil
    Actual housing = 54mil
     Taxable housing = 54 mil=D
     Total taxable income = 458 + 54 = 512 mil

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