MANAGEMENT

BUISENESS MANAGEMENT

TAXES

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Sarah earns a gross wage of €24, 100 in her first year of working. She pays 20% in income tax and is entitled to a tax credit of €3, 300. Calculate her net pay.
A
€32480
B
€29180
C
€25880
D
€22580
Explanation: 

Detailed explanation-1: -That means that your net pay will be ₹ 88, 000 per year, or ₹ 7, 333 per month. Your average tax rate is 12.0% and your marginal tax rate is 12.0%. This marginal tax rate means that your immediate additional income will be taxed at this rate.

There is 1 question to complete.