Question

Dana has to pay 30% tax on any income above £30,000 per year.

Dana is paid £45,000 annually.
Calculate the amount of money she receives after tax each month.

Answer 1

£45,000 x 0.3 = £13,500
£13,500 divided by 12 months = £1125
Dana’s tax £1,125
£45,000 divided by 12 months = £3750
Dana’s Income money each month is £3750
£3750 - £1125 = £2625
Dana’s makes £2625 after paying her tax