Question

96%

Answer 1

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.

Answer 2

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                   = £ 4 650

    T = 0.2(y - p) = 0.2 × £4650       = £    930

The income tax for the year will be £930.