Answer:
£53205
Step-by-step explanation:
The computation is shown below:
£11,000 = $0
In excess of £11,000 and up to £43,000 the tax rate is 20%
So the tax amount is
= (£43,000 - £11,000) × 20%
= £6,400
In excess of £43,000 and up to £150,000 the tax rate is 40%
So the tax amount is
= (£150,000 - £43,000) × 40%
= £42,800
And, the remaining amount is
= (£158,900 - £150,000) × 45%
= £4,005
So the total tax paid amount is
= £0 + £6,400 + £42,800 + £4,005
= £53,205
