Question

Cary is checking her tax bill for the last year

Answer 1

Answer:

£14,685, but I only got 1/4 marks on Mathswatch

Step-by-step explanation:

total tax is = 14685 pound

Step-by-step explanation:

Given data:

For first year -  

earning is 11000 pound

for second year

income is = 43000 - 11000 = 32000 pound

tax rate = 20%

for third year

income is = 150000 - 43000 = 107000 pound

tax rate = 40%

for fourth year

income is = 158900 - 150000 = 8900 pound

tax rate = 45%

As it is given there is no tax on first year

Tax in 2nd year  = 0.20 × 32000 = 6400 pound

Tax in 3rd year  = 0.40 × 107000 = 42800 pound

Tax in 4th year  = 0.45 × 8900 = 4005 pound