Ria has to pay 20% tax on any income above £10,000 per year. Ria's salary before tax is £1,850 per month. Calculate the amount of money she receives after tax each year.
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Answer:
Tax paid by Riya will be £ 4,400.
£17,800 is the amount of money she receives after tax each year
Step-by-step explanation:
Yearly Income of Riya = £1850 × 12 = £22,200
£22,200* 20/100 = £4,400.
Amount of money Riya receives after tax each year = £22,200 - £ 4,400 = £17,800.
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