oliviaaaa223 oliviaaaa223
  • 20-01-2021
  • Mathematics
contestada

ut John pays 25% tax on all his earnings over £20000.
Before tax, his earnings are £38000. How much tax
does he pay?

Respuesta :

JeanaShupp
JeanaShupp JeanaShupp
  • 25-01-2021

Answer: He pays £4500 as tax.

Step-by-step explanation:

Given: John's earnings before tax = £38000 >  £20000

Money over  £20000 =  £38000  - £20000 = £18000

Tax amount = 25% of money over  £20000

⇒Tax amount= 0.25 x (18000 )   [25% = 0.25]

⇒Tax amount=  £ 4500

Hence, he pays £4500 as tax.

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