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3 years ago

96%

Mathematics

2 answers:

maw [93]3 years ago

4 0

Answer:

£930

Step-by-step explanation:

Put the numbers in the formula and do the arithmetic. The annual earnings are expected to be 12 times the monthly earnings.

T = 0.2(12×£1375 -11850) = 0.2(£16500 -11850) = 0.2(£4650)

T = £930

The caterer will pay £930 in income tax for the year.

Scilla [17]3 years ago

4 0

Answer:

£930

Step-by-step explanation:

Monthly income = £1375

y = Yearly income = 12 × 1375 = £16 500

p = Personal allowance = 11 850

y - p = Taxable income = <u>£ 4 650 </u>

T = 0.2(y - p) = 0.2 × £4650 = £ 930

The income tax for the year will be £930.

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