Megan is checking her tax bill for the last year.

Question

The tax rates were as follows:

• No tax one the first £11000 of earnings
• Earnings in excess of £11000 and up to £43000 taxed at a rate of 20%
• Earning 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, Megan earned £158900 before tax.

How much tax did she pay in total?

Answer 1

Tax = (11,000)(0.0%) + (43,000-11,000)(20%) + (150,000-43,000)(40%) + (158,900-150,000)(45%)

Tax = (32,000)(0.20) + (107,000)(0.40) + (8,900)(0.45)

 

Can you finish it?