Tutorial Exercise

Income Tax Exercises and Social Responsibility

1) Explain what is social responsibility tax is

2) How much PAYE will a person earning chargeable income of $33,942 per annum pay

to FRCS?

3) How much PAYE will a person earning chargeable income of $46,128 per annum pay

to FRCS?

4) Mrs. Reena earns a salary of $58,500 in a year. P.A.Y.E deducted at source was
$2100.00. Calculate tax payable or refund for the year 2021.

5) Mrs. Derald earns $100 000 during the year. P.A.Y.E deducted at source during the
year was $2400. She also had earned income of 5,100 in 2021 for shares that she has
in Fijian holdings Limited. Calculate Mrs. Derald tax payable or refund for the year
2021.

6) Dr. Vunna has two dairy shops operating in the Suva to Nausori corridor.

Shop 1 – Net Income 104,000

Shop 2– Net Income 190,000

Dr. Vunna also works as a doctor fulltime with Suva private hospital and he is paid
$49,000 a year. Calculate PAYE and SRT by Dr. Vunna for the 2021 year.

7) Mr. Darren Brown works as an accountant and earns $280 000 per year. He has a
Pharmacy operating in the Suva to Nausori corridor, which is under his name:
Pharmacy – Sales 119,000

Calculate PAYE and SRT for Mr. Darren Brown for the 2021 year.
8) Mr. Prasad a non resident works and earns a salary of $51 000 for 2021 tax year. He
also has a dairy shop in partnership from which he earns $14,400 for 2021 year

Calculate tax payable or refundable by Mr. Prasad for 2021 tax year.

9) Mr. Nova a Non resident works and earns a salary of $105 500 for 2021 tax year.

Calculate tax payable or refundable by Mr. Nova for 2021 tax year.