Class 6 Exam > Class 6 Questions > In a year, Ravi earns 360000 and paid 24000 h...
Start Learning for Free
In a year, Ravi earns 360000 and paid 24000 has income tax find the ratio of income to income tax.?
Most Upvoted Answer
In a year, Ravi earns 360000 and paid 24000 has income tax find the ra...
Understanding Income and Income Tax
In order to find the ratio of Ravi's income to his income tax, we first need to identify the values involved:
- Annual Income: 360,000
- Income Tax Paid: 24,000
Calculating the Ratio
To find the ratio, we use the formula:
Ratio = Income : Income Tax
Substituting the values, we have:
- Income = 360,000
- Income Tax = 24,000
Now, we can express this as:
- Ratio = 360,000 : 24,000
Next, we simplify the ratio by dividing both numbers by the common factor. Here, we can divide both by 24,000.
Performing the Simplification
- 360,000 ÷ 24,000 = 15
- 24,000 ÷ 24,000 = 1
Thus, the simplified ratio becomes:
- Ratio = 15 : 1
Final Answer
Therefore, the ratio of Ravi's income to his income tax is 15 : 1. This means that for every 15 units of income, Ravi pays 1 unit as income tax.
Conclusion
Understanding this ratio helps in comprehending how much tax is paid compared to the overall income, which is essential for financial planning and budgeting.
In order to find the ratio of Ravi's income to his income tax, we first need to identify the values involved:
- Annual Income: 360,000
- Income Tax Paid: 24,000
Calculating the Ratio
To find the ratio, we use the formula:
Ratio = Income : Income Tax
Substituting the values, we have:
- Income = 360,000
- Income Tax = 24,000
Now, we can express this as:
- Ratio = 360,000 : 24,000
Next, we simplify the ratio by dividing both numbers by the common factor. Here, we can divide both by 24,000.
Performing the Simplification
- 360,000 ÷ 24,000 = 15
- 24,000 ÷ 24,000 = 1
Thus, the simplified ratio becomes:
- Ratio = 15 : 1
Final Answer
Therefore, the ratio of Ravi's income to his income tax is 15 : 1. This means that for every 15 units of income, Ravi pays 1 unit as income tax.
Conclusion
Understanding this ratio helps in comprehending how much tax is paid compared to the overall income, which is essential for financial planning and budgeting.
Attention Class 6 Students!
To make sure you are not studying endlessly, EduRev has designed Class 6 study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Class 6.
|
Explore Courses for Class 6 exam
|
|
Similar Class 6 Doubts
Top Courses for Class 6View all
In a year, Ravi earns 360000 and paid 24000 has income tax find the ratio of income to income tax.?
Question Description
In a year, Ravi earns 360000 and paid 24000 has income tax find the ratio of income to income tax.? for Class 6 2024 is part of Class 6 preparation. The Question and answers have been prepared according to the Class 6 exam syllabus. Information about In a year, Ravi earns 360000 and paid 24000 has income tax find the ratio of income to income tax.? covers all topics & solutions for Class 6 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In a year, Ravi earns 360000 and paid 24000 has income tax find the ratio of income to income tax.?.
In a year, Ravi earns 360000 and paid 24000 has income tax find the ratio of income to income tax.? for Class 6 2024 is part of Class 6 preparation. The Question and answers have been prepared according to the Class 6 exam syllabus. Information about In a year, Ravi earns 360000 and paid 24000 has income tax find the ratio of income to income tax.? covers all topics & solutions for Class 6 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In a year, Ravi earns 360000 and paid 24000 has income tax find the ratio of income to income tax.?.
Solutions for In a year, Ravi earns 360000 and paid 24000 has income tax find the ratio of income to income tax.? in English & in Hindi are available as part of our courses for Class 6.
Download more important topics, notes, lectures and mock test series for Class 6 Exam by signing up for free.
Here you can find the meaning of In a year, Ravi earns 360000 and paid 24000 has income tax find the ratio of income to income tax.? defined & explained in the simplest way possible. Besides giving the explanation of
In a year, Ravi earns 360000 and paid 24000 has income tax find the ratio of income to income tax.?, a detailed solution for In a year, Ravi earns 360000 and paid 24000 has income tax find the ratio of income to income tax.? has been provided alongside types of In a year, Ravi earns 360000 and paid 24000 has income tax find the ratio of income to income tax.? theory, EduRev gives you an
ample number of questions to practice In a year, Ravi earns 360000 and paid 24000 has income tax find the ratio of income to income tax.? tests, examples and also practice Class 6 tests.
|
|
Explore Courses for Class 6 exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup