Amendments to Solutions for Questions 17a and 17b on page 16 and 17 of Chpt 1 notes

Hi S4-04, 

Apologies but the answers to questions 17a and 17b should be computed after taking into account the tax rebates (see page 15 , 3 sentences at bottom of tax bracket table)

Q17a
tax payable = $366.25
tax payable after rebate = (0.7) x 366.25 = $256.38

because there is a tax rebate (discount) for persons below 60 years of age as stated in table.

final tax payable = $0

because there is a parenthood rebate of $5000 for Mr Heng (as stated in question)

Q17b
tax payable =$27,117.50
tax payable after rebate = 27,117.50 - 1500 = $25607.50

because there is a tax rebate of 50% for persons above 60 yrs old, subjected to a LIMIT of $1500. 

apologies for missing out the rebates. 
Mr Wee