Question

Maths 10 min tax problem. I started it but I have no idea what I’m doing

Answer 1

Answer:

€ 2932.54

Step-by-step explanation:

Rate of interest for income upto 12012 = 0.5 %

    Interest = 0.5% *12012

                  =0.05 *12012

                  = € 60.06

Rate of interest for income between 12012.01 to 19874 = 2%

    Interest = 2% * 19874

                  = 0.02 * 19874

                   =  € 397.48

Rate of interest for income between 19874.01 to 70044 = 4.5%

 Interest = 0.045 * 55000

               = € 2475

Anna's USC for the year = 60.06 + 397.48 + 2475

                                         = € 2932.54