Mathematics, 21.10.2020 01:01, khyyonsb
The UK currently has a progressive income tax system. The rules are as follows: Any earnings under 11,500 GBP are taxed at 0%. Any earnings between 11,500 GBP and 33,500 GBP are taxed at 20%. Any earnings between 33,500 GBP and 150,000 GBP are taxed at 40%. Any earnings above 150,000 GBP are taxed at 50%. A person earns 50,000 GBP gross. How much tax do they pay?
Answers: 1
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The UK currently has a progressive income tax system. The rules are as follows: Any earnings under 1...
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