Tegan is checking her tax bill for the last year the tax rates were as follows: •no tax on the first £11000 of earnin

Question

Tegan is checking her tax bill for the last year
the tax rates were as follows:
•no tax on the first £11000 of earnings
•earnings 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 the rate of 40%
last year Tegan earned £48300 before tax
how much did she pay in total?

Orla · Answer

Multiplication  is the process of  multiplying.  The  total  tax of  Tegan's earnings  will be  £8,520 (£6,400+£1,200) .     What is multiplication?   Multiplication  is the process of  multiplying , therefore, adding a  number  to  itself  for the  number  of times  stated.  For example, 3 × 4 means 3 is  added  to itself  4 times,  and vice versa for the  other number.     Since  there  is  no tax  for the  first £11,000 , therefore, the  earnings  upto £11,000  will  be tax-free.  The  amount  of  tax  for the  income  of  £11,000  to  £43,000,  will be,  20% of (£11,000 to £43,000)   = 20% × (£43,000 - £11,000)   = £6,400  The  amount  of  tax  for the  income  of £11,000 to  £150,000,  will be,  40% of (£43,000 to £48,300)   = 40% × (£5,300)   = £2,120  Hence, the  total  tax of  Tegan's earnings  will be  £8,520 (£6,400+£1,200) .     Learn more about  Multiplication:   https://brainly.com/question/14059007    #SPJ1

What is multiplication?

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