Answer:
£2,750
Step-by-step explanation:
Tax rule: 25% tax on any income above £24,000 per year
It means that upto £24,000 there is no tax and the amount above £24,000
is taxable.
Annual payment of Dana = £36,000
Hence, she will be taxed only on amount above £24,000 out of £36,000.
Lets find amount above £24,000 = £36,000- £24,000 = £12,000
Tax on £12,000 = 25% of £12,000 = 25/100 * £12,000 = £3,000
Thus, £3,000 will be deducted as tax annually out of total earning of £36,000.
Amount paid to Dana after deduction of tax annually = £36,000 - £3,000
Amount paid to Dana after deduction of tax annually is £33,000
As one year has 12 months , hence it can be also said that in 12 months she is paid £33,000
the amount of money she receives after tax in 12 month = £33,000
Dividing LHS and RHS by 12
The amount of money she receives after tax in 12/12 month = £33,000/12
The amount of money she receives after tax in 1 month = £2,750
The amount of money Dana receives after tax each month is £2,750.
