Taxation

Mrs. Oval is IT manager of Mathematics SRL, a micro-enterprise. Compute the social contributions and salary tax for Mrs. Oval for March 2020, when it was also Easter.

The salary for Oval is 2,500 lei.

In March, she has earned a bonus of 1,500 lei, two gift tickets for Easter for her minor kids – 200 lei each, and a gift for the occasion of Woman’s Day of 200 lei.

Mathematics SRL gave 20 meal vouchers (lunch tickets) to Mrs. Oval. Each voucher has a nominal value of 10 lei.

Oval has a car from the employer and in March she used it 400 km of which 100 km in personal interest, 200 km of house-service and 100 km in business interest (travel to customers and tax). The purchase price of the car was 200,000 lei and the cumulative depreciation is 60%.

Mathematics pays a private pension in Oval’s name, in the amount of 800 lei in March (contribution for 1 year and the only payment of this nature during the year).

Oval pays by herself a private pension of 250 lei per month and union dues of 150 lei.

If you feel that you need to use a value for the personal deduction, use 210 lei.

Mrs. Oval has 2 minor kids she takes care of.

Compute the salary tax for March 2020. (10 marks)