Carys is checking her tax bill for the last year. the taxes rates were as follows: No tax on the first £11000 of earnings Earning in excess of £11000 and up to £43000 taxed at a rate of 20% Earnings in excess of £43000 and up to £150000 taxed at a rate of 40% Earnings over £150000 taxed at a rate of 45% Last year, Carys earned £45600 before tax. How much tax did she pay in total?
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Answer:
Therefore, she paid a tax of 18,240 pounds.
Step-by-step explanation:
45600 pounds falls into the category between 43000 pounds and 150,000 pounds. Therefore, she needs to pay 40% of her earnings.
40% of 45600 is 18240
Therefore, she paid a tax of 18,240 pounds.
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