An individual receives an income of Rs 1,00,000. He paid income tax at a rate of 2 per cent. What is his disposable income?

Rs 2,000

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Rs 98,000

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Rs 1,02,000

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Rs 9,800

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Solution

The correct option is B Rs 98,000
Tax paid = 2% of 1,00,000
Disposable income = Income - Tax paid = 1,00,000 - 2,000 = 98,000.

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An individual receives an income of Rs 1,00,000. He paid income tax at a rate of 2 per cent. What is his disposable income?

The correct option is B Rs 98,000Tax paid = 2% of 1,00,000Disposable income = Income - Tax paid = 1,00,000 - 2,000 = 98,000.

The correct option is B Rs 98,000
Tax paid = 2% of 1,00,000
Disposable income = Income - Tax paid = 1,00,000 - 2,000 = 98,000.