A welder's annual income is £8400 and allowance is £1950. So his taxable income is £6450. Each month he pays tax of £150.50 as the rate of taxation is 28%.
He receives a pay rise and subsequently pays £162.40 in tax each month. Assuming the same allowances and rate of taxation, what is his new salary?
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A welder's annual income is £8400 and allowance is £1950. So his taxable income is £6450. Each month he pays tax of £150.50 as the rate of taxation is 28%.
He receives a pay rise and subsequently pays £162.40 in tax each month. Assuming the same allowances and rate of taxation, what is his new salary?
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