HOME VERSION - TAX

Tax is calculated at 1/12 of your total annual salary/income.

For example if you are a Banker on STA 200 per week it means that:

  1. In a month your income is STA 200 x 4 weeks = STA 800 per month.

  2. In a year your total income is STA 800 x 12 months = STA  9,600.

  3. Tax is calculated by applying 1/12 to total annual income hence tax for a banker for the year is 1/12 of STA 9,600 = STA 800.

  4. Tax per week would be STA 800 / 52 weeks = STA 15 per week for as long as the ARS Member is a Banker.

  5. Inevitably if ARS Members ceases to be a Banker having changed jobs the Tax applicable changes to.