Podcast
Questions and Answers
What is the monthly contribution in Kshs for a salary bracket of 20,000 to 24,999?
What is the monthly contribution in Kshs for a salary bracket of 20,000 to 24,999?
- 850
- 750 (correct)
- 600
- 800
What is the minimum salary bracket in Kshs for a monthly contribution of 1,200?
What is the minimum salary bracket in Kshs for a monthly contribution of 1,200?
- 70,000
- 69,999
- 50,000
- 60,000 (correct)
What is included in taxable employment income?
What is included in taxable employment income?
- Only cash payments
- All cash payments and the value of non-cash benefits exceeding Ksh 3,000 per month (correct)
- Only club entrance and subscription fees
- Only non-cash benefits exceeding Ksh 3,000 per month
What is the effective date for taxing excess mileage reimbursement to employees?
What is the effective date for taxing excess mileage reimbursement to employees?
Who is required to deduct tax from employment income and remit it to the Kenya Revenue Authority?
Who is required to deduct tax from employment income and remit it to the Kenya Revenue Authority?
What is the purpose of the PAYE system?
What is the purpose of the PAYE system?
What is the primary purpose of personal financial planning?
What is the primary purpose of personal financial planning?
What is a key benefit of having a personal financial plan?
What is a key benefit of having a personal financial plan?
What is one of the purposes of investing in personal finance?
What is one of the purposes of investing in personal finance?
What is a key aspect of managing risk in personal finance?
What is a key aspect of managing risk in personal finance?
What is a benefit of having a personal financial plan in terms of relationships?
What is a benefit of having a personal financial plan in terms of relationships?
What is a key outcome of personal financial planning?
What is a key outcome of personal financial planning?
What is the primary purpose of creating a budget?
What is the primary purpose of creating a budget?
What type of expenditures may include capital improvements?
What type of expenditures may include capital improvements?
What is an advantage of having a budget?
What is an advantage of having a budget?
What is a benefit of budgeting in relation to financial goals?
What is a benefit of budgeting in relation to financial goals?
What type of incomes are earnings from wages, interest, or dividends?
What type of incomes are earnings from wages, interest, or dividends?
What is a key aspect of budgeting in relation to time?
What is a key aspect of budgeting in relation to time?
What is the primary goal of debt management?
What is the primary goal of debt management?
What is the annual percentage rate (APR) expressed as?
What is the annual percentage rate (APR) expressed as?
What is the prime rate primarily affected by?
What is the prime rate primarily affected by?
What determines how much above the prime rate an individual pays?
What determines how much above the prime rate an individual pays?
What is the formula to calculate the monthly periodic rate?
What is the formula to calculate the monthly periodic rate?
What is the characteristic of a fixed APR?
What is the characteristic of a fixed APR?
What is the primary purpose of the house being used as collateral in a mortgage?
What is the primary purpose of the house being used as collateral in a mortgage?
What is the purpose of the provision for release of parties in a mortgage deed?
What is the purpose of the provision for release of parties in a mortgage deed?
What is a key benefit of using a mortgage to purchase a home?
What is a key benefit of using a mortgage to purchase a home?
What is the purpose of the registration of mortgages?
What is the purpose of the registration of mortgages?
What is the consequence of defaulting on a mortgage?
What is the consequence of defaulting on a mortgage?
