alexaaaisbvgb
Answered

Welcome to Westonci.ca, the ultimate question and answer platform. Get expert answers to your questions quickly and accurately. Experience the convenience of getting reliable answers to your questions from a vast network of knowledgeable experts. Get immediate and reliable solutions to your questions from a community of experienced professionals on our 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 hope this was helpful. Please come back whenever you need more information or answers to your queries. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.