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The following shows the allowances before a tax of 25% is applied;

•Personal allowance = $40 000
•Spousal allowance = $10 000
•Dependent allowance = $8 000 for each dependent

Tom earns $180 000 per year in his position at a company. He is married with two kids.
Solomon earns $200 000 per year at the same company. He is single.

(a) What are the total allowances for each of the men?
(b) What is Tom’s net income?
(c) What is Solomon’s net income?



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