Answer:
She has to pay income tax of 8,570 Euros
Step-by-step explanation:
On the 28,000 Euros,the floor manager would pay taxes at the rate of 20% which is computed thus:
tax at 20%=28,000 Euros*20%=5,600 Euros
The remaining earnings would be charged to tax at higher tax rate of 41% as follows:
tax at 41%=45,000 Euros-28,000 Euros=17,000 Euros*41%=6,970 Euros
Total amount of taxes=5,600+6970
= 12,570 Euros
Taxes payable =total taxes -tax credit
The manager has a tax credit of 4,000 Euros
taxes payable= 12,570-4,000=8,570 Euros
