Friday 15 July 2011

Board / Card Games: What's Hot Now: Monopoly - Income Tax

Board / Card Games: What's Hot Now
These articles that had the largest increase in popularity over the last week

Monopoly - Income Tax
15 Jul 2011, 11:01 am

Question: How do I calculate how much I owe for Income Tax?

Answer: A player who lands on Income Tax is required to pay (to the bank) either $200 or 10 percent of all of his or her assets -- cash, properties, houses and hotels.

If you have assets worth more than $2,000, you should go ahead and pay the $200. If you have assets worth less than $2,000, you should do the math.

To calculate the value of your assets in Monopoly, add all of the following:

  • Cash on hand
  • Purchase price of all property (mortgaged and unmortgaged)
  • Purchase price of all houses and hotels

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