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Mathematics, 15.06.2020 21:57 taylordalton93
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18:09 Sun 14 Jun
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L2 maths sample 1 calc 2 (1 of 17)
Income tax
Everyone can earn a certain amount of money without paying tax. This
is called a Personal Allowance. They must pay tax on any earnings
over this allowance.
Income tax Personal Allowance, 2018/2019
£11 850
This formula gives the amount of Income tax a person pays in a year
T = 0.2 (y-p)
where T = income tax for the year
y = money earned per year
p = Personal Allowance
A caterer earns £1375 per month.
How much income tax will she pay for the year?
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96%
18:09 Sun 14 Jun
Done
L2 maths sample 1 calc 2 (1 of 17)
Income tax
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Done
L2 maths sample 1 calc 2 (1 of 17)
Income tax
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