Please CHECK IF THIS IS CORRECT! Please!

Megan is checking her tax bill for the last year.

Tanya [424]

Given that Megan's tax rates were as follows:
No tax one the first £11000 of earnings
Earnings in excess of £11000 and up to £43000 taxed at a rate of 20%
Earning in excess of 43000 and up to £150000 taxed at a rate of 40%
Earnings over £150000 taxed at a rate of 45%
If Megan earned £158900 before tax last year, the amount of tax she paid in total is given as follows:
First £11000 = £0 tax
Balance after first £11000 = £158900 - £11000 = £147900

Next (£43000 - £11000 = £32000) = 20% of £32000 = 0.2 x £32000 = £6400 tax
Balance after next £32000 = £147900 - £32000 = £115000 

Next (£150000 - £43000 = £107000) = 40% of £107000 = 0.4 x £107000 = £42800 tax
Balance after next £107000 = £115000 - £107000 = £8000

Remaiming £8000 = 45% of £8000 = 0.45 x £8000 = £3600 tax

Total tax = £6400 + £42800 + £3600 = £52800

Therefore, she paid a total of £52800 in tax last year.

8 0

2 years ago

Edin has £300 in his saving account his bank offers his a fixed 5% simple interest rate per annum for a period of 3 years how mu

mote1985 [20]

Answer:

45

Step-by-step explanation:

The simple interest formula is

I=p×r×t

I interest earned?

P principle 300

R interest rate 0.05

T time 3years

So

I=300×0.05×3

I=45

interest will he have earned in 3 years is 45

5 0

2 years ago

How to factor out this equation 16c^4 +64c +39 show steps

Zepler [3.9K]

I hope this helps you

16c^2+64c+39

4c +13

4c +3

(4c+13)(4c+3)

4 0

3 years ago

An author published a book which was being sold online. The first month the author sold 21000 books, but the sales were declinin

Wittaler [7]

Answer: 119,616

You may have to erase the comma when inputting the answer.

=======================================================

Explanation:

The author sells 21,000 books in the first month.

Then they sell 21,000*(1-0.12) = 21,000*(0.88) = 18,480 in the second month.

Then they sell 18,480*(1-0.12) = 18,480*(0.88) = 16,262.4 = 16,262 in the third month.

And so on. These values follow a geometric sequence with first term a = 21,000 and common ratio r = 0.88

We can think of the 0.88 as 88% of the original value (since losing 12%, we keep the remaining 88%)

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Use the formula below to sum the first 9 terms of the geometric sequence

Plug in a = 21000 and r = 0.88

$S_n = a*\frac{1-r^n}{1-r}\\\\S_9 = 21000*\frac{1-0.88^9}{1-0.88}\\\\S_9 \approx 21000*\frac{0.6835216}{0.12}\\\\S_9 \approx 21000*5.6960133\\\\S_9 \approx 119,616.2793\\\\S_9 \approx 119,616\\\\$

The author sold about 119,616 books over the course of the first nine months.

4 0

2 years ago

What do i do with 2 medians

Vitek1552 [10]

Answer:

Add

Divide

Step-by-step explanation:

When you have 2 medians you have to add the 2 numbers together and then divide by two. This is to find the average of the 2 numbers.

8 0

2 years ago

Read 2 more answers