Question

I AM REALLY STUCK ON THIS QUESTION PLASEEEE

Halim’s salary is £22,500
Halim is entitled to £12,500 of his yearly tax free.
The rest of his salary will be taxed 20%.
Jenny says “This means that Harry will pay £4,500 in tax so he will have £18,000 left”.
Explain why Jenny is wrong. How much would Halim have left after tax?

Answer 1

SOLUTION

GIVEN

• Halim’s salary is £22,500

• Halim is entitled to £12,500 of his yearly tax free.

• The rest of his salary will be taxed 20%.

• Jenny says “This means that Halim will pay £4,500 in tax so he will have £18,000 left”.

TO DETERMINE

• To Explain why Jenny is wrong.

• The amount of money Halim have left after tax

EVALUATION

Here it is given that

Halim’s salary is £ 22,500

Halim is entitled to £ 12,500 of his yearly tax free.

Rest of his salary

= £ 22,500 - £ 12,500

= £ 10000

Now the rest of his salary will be taxed 20%

So the tax amount of Halim

$\displaystyle \sf{ = 10000 \times \frac{20}{100} }$

= £ 2000

So the amount of money Halim left

= £ 22500 - £ 2000

= £ 20500

Now Jenny says “This means that Halim will pay £4,500 in tax so he will have £18,000 left”.

So first mistake of Jenny is tax will £ 2000 instead of £ 4500

Second mistake Halim will save £ 20500 instead of £ 18000

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