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20 votes
20 votes
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?

User Mike Mertsock
by
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1 Answer

9 votes
9 votes

Answer:

£8520

43000-11000=32000

20/100×32000

£6400

48300-43000=5300

40/100×5300=2120

£8520

User Ted Benson
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3.3k points