Question

Carys 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 the excess of £11 000 and up to £43 000 taxed at a rate of 20%

-Earnings in the excess of £43 000 and up to £150 000 at a rate of 40%

-Earnings over £150 000 taxed at a rate of 45%

Last year, Carys earned £45 600 before tax.

How much tax did she pay in total? The answer is 7440.
Explain for brainliest.

Answer 1

As it is mentioned that first she had to give no tax but then she earned £ 45,600 before tax so she has to pay some money. And it is given that earnings in the excess of £ 43,000 and up to £150,000 at the rate of 40% . So she has to pay 40% tax as she earned £45,600. Hence , she will have to pay £ 7440 tax in total

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