BUISENESS MANAGEMENT
TAXES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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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.
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€32480
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€29180
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€25880
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€22580
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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.
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