Income tax
Everyone can eam a certain amount of money without paying tax. This
is called a Per...
Mathematics, 18.04.2021 14:00, mitchellmarquite
Income tax
Everyone can eam 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?
Show all your working,
Answers: 1
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