Ques:- An individual pays 30% income tax. On this tax he has to pay a surcharge of 10%. Thus the net tax rate, he has to pay is
A. 27%
B. 33%
C. 40%
D. 45%
Ques:- A, B, C enter into a partnership investing Rs.35,000, Rs.45,000 and Rs.55,000 respectively. The respective shares of A, B, C in an annual profit of Rs.40,500 are
A. Rs. 10,500, Rs. 13,500, Rs. 16,500
B. Rs. 11,000, Rs. 14,000, Rs. 15,500
C. Rs. 11,500, Rs. 13,000, Rs. 16,000
D. Rs. 11,500, Rs. 12,500, Rs. 16,500
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