Tax and Zakat Accounting

Learning Goal: I’m working on a accounting question and need an explanation and answer to help me learn.

Assignment Question(s): (Marks 10)

Q.1 What are the steps to assess and calculate alms on revenue from work (3 Marks )

Q.2 Explain The assessment and calculation steps to calculate alms on wealth in cash? (3 Marks)

Q. 3 What is the Formula for Individual Income Tax, and what are the Itemized deduction categories ? (4 Marks)

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