[1.05c] Income Tax on Sales
Posted: Fri Sep 04, 2020 4:12 am
Could you explain how the tax is calculated for sales?
Population sold 14 Metal to traders for 9 Cr. Income tax over that 3 (33% tax rate)
Population sold 112 food to traders for 34 Cr. Income tax over that 7 (20% tax rate)
Population sold 46 food to traders for 23 Cr. Income tax over that 5 (22% tax rate)
Population sold 12 fuel to traders for 8 Cr. Income tax over that 2 (25% tax rate)
My Income Tax rate is 20%
Population sold 14 Metal to traders for 9 Cr. Income tax over that 3 (33% tax rate)
Population sold 112 food to traders for 34 Cr. Income tax over that 7 (20% tax rate)
Population sold 46 food to traders for 23 Cr. Income tax over that 5 (22% tax rate)
Population sold 12 fuel to traders for 8 Cr. Income tax over that 2 (25% tax rate)
My Income Tax rate is 20%