alexaaaisbvgb
Answered

Discover a wealth of knowledge at Westonci.ca, where experts provide answers to your most pressing questions. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

Tegan is checking her tax bill for the last year.
The tax rates were as follows:
• No tax on the first £11 000 of earnings
• Earnings in excess of £11 000 and up to £43 000 taxed at a rate of 20%
• Earnings in excess of £43000 and up to £150 000 taxed at a rate of 40%
• Earnings over £150 000 taxed at a rate of 45%
Last year, Tegan earned £48 300 before tax.
How much tax did she pay in total?

Sagot :

tvaithi

Answer:

£8520

43000-11000=32000

20/100×32000

£6400

48300-43000=5300

40/100×5300=2120

£8520

We appreciate your time. Please come back anytime for the latest information and answers to your questions. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.