The UK currently has a progressive income tax system on earnings. The rules are as follows: Any earnings under 11,500 GBP are taxed at 0%. Any earnings between 11,500 GBP and 33,500 GBP are taxed at 20%. Any earnings between 33,500 GBP and 150,000 GBP are taxed at 40%. Any earnings above 150,000 GBP are taxed at 50%. An executive earns 175,000 GBP gross. How much tax does he pay? Give your answer in pounds to the nearest pound. Do not include commas or the pound symbol in your answer.

Answers

Answer 1

The amount to tax that the executive pays is 87,500 GBP.

How much does the executive pay?

Tax is a compulsory payment that is levied on the income or one the sales of certain goods and services. Tax is imposed by the government to achieve various macroeconomic objectives. Taxes reduces the income of an individual.

When tax is levied on the income of an individual, it is known as an income tax. There are various types of taxes, one of them includes progressive tax. Progressive tax levies a higher tax percentage on those that earn an higher amount of money. Thus, the tax rate increases as income increases.

The executive earns 175,000 GBP gross. 175,000 GBP is greater than 150,000 GBP, thus, he would be taxed at a rate of 50%. In order to determine the tax the executive would pay, multiply the income of the executive by the tax rate.

Multiplication is the mathematical operation that is used to calculate the product of two or more numbers. The sign that is used to represent multiplication is x.

Tax that would be paid = tax rate x gross income

175,000 x 0.5 =87,500 GBP

To learn more about taxes, please check: https://brainly.com/question/25311567

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Related Questions

(Brainlist to 1st right)Simplify 8 over negative 4 ÷ negative 3 over 9 . (5 points)
6
-6
12
-12

Answers

Answer:

6

Step-by-step explanation:

Answer:

Its 6 but just give them Brainlist :>

Step-by-step explanation:

WILL GIVE BRAINLEIST !!!!!!!!

Write the phrase as an expression.

13 subtracted from a number x

An expression is
a ________.

Answers

Answer:

x - 13

Step-by-step explanation:

13 subracted from a number x"Subtracted" is also identified as the subtrahend.

[tex]\tt{ \green{P} \orange{s} \red{y} \blue{x} \pink{c} \purple{h} \green{i} e}[/tex]

What is the answer please

Answers

Answer:

168 ft good luck !

Step-by-step explanation:

NEED HELP its math answer quick

Answers

Answer:

31/5 or 6 1/5

Step-by-step explanation:

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Answers

Answer:

1. 62.5

2. 66.25

Step-by-step explanation:

25% of 50 is 12.5 add that to 50 is 62.5

6% of 62.5 is 3.75 so 3.75+62.5 is 66.25

Answer:

A. The selling price is [$62.5]

B. The total cost is [$66.25]

Step-by-step explanation:

25% of 50 is 12.5, and if you add that to 50 is 62.5

6% of 62.5 is 3.75 so 3.75+62.5 is 66.25

:)

1 as a percentage of 12

Answers

Answer:

Hi! The correct answer is 0.12!

Step-by-step explanation:

Simplify the expression.

Find the perimeter of the trapezoid below

Answers

Answer:

144

Step-by-step explanation:

first you multiply 12 times 9 and get 108 then add it to the product of 6 times times 6 which gets you 36 which is 144 square cubits.

PLEASE HELP ME PLEASE HELP ME PLEASE HELP ME PLEASE HELP ME​

Answers

Answer:

I would have to say the first answer.

Step-by-step explanation:

Which statement about this data distribution is NOT true?

A. There is a outliner

B. The median is the best measure of center

C. The interquartile range is 1

D. The distribution is symmetrical​

Answers

Answer:

c is the correct answer brainliest plz

8k-6=(k+3)+6k solving equations with distributive property.

Answers

Answer:

k=9

Step-by-step explanation:

8k-6=(k+3)+6k first remove the unnecsarry parentheses which would make it 8k-6=k+3+6k

then collect the like terms and get 8k-6=7k+3 then move the variable to the left and change its sign to get 8k-7k-6=3.

then collect the like terms a final time which would get you k=3+6 to then get k=9  

hope this helps!

what is the slope? (IXL)

Answers

Answer:

the slope is 2/3

Step-by-step explanation:

the line starts at 5(b) and to get a whole number point you go up 2 and over 3.

Answer:

2/3

Step-by-step explanation:

rise over run

Which statements are true for triangle LNM? Check all that apply.

Answers

There’s nothing to check

PLEASE HRLP ME WITH THIS QUESTION

Answers

pretty sure it’s 50%.

ClassLink - My Apps
Sora
Question 3
8 pts
4 In.
5 In.
5 in.
3. A restaurant cuts and stores cheese in wedges like the one
shown in the diagram to the right. If workers wrap each
cheese wedge in foil, what is the minimum amount of foil
they need to wrap one wedge?
A 48 in.
B 60 in.
C 72 in.
D 88 in.
4 In.
6 In.

Answers

Answer:

what is this???? i dont get it

Step-by-step explanation:

If u answer this, ill give you 15

Answers

There are 10 portions to the circle, and 7 of the 10 are shaded. 7/10 is 70%

Answer:

70%

Step-by-step explanation:

As they are 10 pieces and only 7 are shaded me need to multiply 7x10 and it's 70

If you figure this out I will give you brainliest.
The day before yesterday I was 21, and next year I will be 24. When is my birthday?

Answers

Answer:

December 31

Step-by-step explanation:

In the figure above, triangle ABC is similar to
triangle DEF. What is the value of cos(E)?

Answers

Answer:

Answer is 12/13 B

Step-by-step explanation:

Answer:

Step-by-step explanation:

Describe the motion of a particle with position (x, y) as t varies in the given interval. x = 6 sin(t), y = 4 cos(t), − ≤ t ≤ 3

Answers

Answer:

x:4 y:6

Step-by-step explanation:

A trapezoid was broken into a rectangle and a triangle.

A trapezoid is broken into a rectangle and a triangle. The rectangle has a base of 8 centimeters and a height of 6 centimeters. The triangle has a base of 2 centimeters and a height of 6 centimeters.

What is the length, b, of the base of the triangle?
2 cm
4 cm
6 cm
8 cm

Answers

Answer:

2cm

Step-by-step explanation: Because it doesn’t tell you it, you have to subtratc 10-8. And that gets you 2

Step-by-step explanation:

Answer:

A

Step-by-step explanation:

In ΔCAB, if m∠A = 10x + 9, m∠B = 34°, and m∠C = 97°, what is the value of x?


triangle CAB, point E is on segment AC between points A and C and point D is on segment BC between points B and C, creating segment ED


x = 2

x = 3

x = 4

x = 5

Answers

Answer:

x = 4

Step-by-step explanation:

(10x + 9) + 34 + 97 = 180

10x +140 = 180

10x = 40

x = 4

The value of x in the given angles of the traingle CAB for angle m∠A is determined as 4.

Sum of angles in a triangle

The sum of angles in a triangle can be used to determine the value of x in the given angles above.

m∠A + m∠B + m∠C  = 180 (sum of angles in a triangle)

10x + 9 + 34 + 97 = 180

10x + 140 = 180

10x = 40

divide both sides by 10;

x = 40/10

x = 4

Thus, the value of x in the given angles of the traingle CAB for angle m∠A is determined as 4.

Learn more about angles in triangles here: https://brainly.com/question/1675117

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To make tomato soup for 4 people I need:
6 tomatoes
1 potato
1 onion
2 table spoons of olive oil
2 pints of vegetable stock
1 carrot
4 slices of bread
What would be needed to make soup for 14 people?​

Answers

Answer:

Step-by-step explanation:

The given quantities of ingredients are required for making tomato soup for 4 people. To make soup for 14 people, the multiplicative factor can be determined by;

[tex]\frac{14}{4}[/tex] = 3.5

Thus, the quantities of ingredients needed to make soup for 14 people are:

6 tomatoes x 3.5 = 21 tomatoes

1 potato x 3.5 = 3.5 potato

1 onion x 3.5 = 3.5 onions

2 table spoons of olive oil x 3.5 = 7 table spoons of olive oil

2 pints of vegetable stock x 3.5 = 7 pints of vegetable stock

1 carrot x 3.5 = 3.5 carrots

4 slices of bread x 3.5 = 14 slices of bread

The quantity of ingredients needed to make soup for 14 people are:

21 tomatoes

3.5 potato

3.5 onions

7 table spoons of olive oil

7 pints of vegetable stock

3.5 carrots

14 slices of bread

a train is travelling at a constant speed in ten minutes it travels 24 km work out how far it travels in 20 minutes

using proportion

Answers

If it travels at a constant speed for twice the amount of time, the train should travel twice the distance, or 24 * 2 = 48 km.

The table shows the cost for hamburgers at a restaurant. What is the cost of 10 hamburgers at the restaurant?
Number of Hamburgers
Cost
2
$7.00
4
$14.00
6
$21.00
8
$28.00
10
:: $28.00
# $30.00
- $35.00
$40.00
- $55.00
$70.00

Answers

35 is the answer cuz u do y2- y1 then x2- x1

PLZZZ HELPP ILL GIVE BRAINLISTT

Answers

green point : (1,-2) purple point : (-5, 1) blue point : (-4, -2) red point : (2,3)

Pls help extra points and mark brainlist

Answers

Answer:

220

Step-by-step explanation:

40*8-10^2=320-10*10=320-100=220

Oliver streams movies through a company that charges $4.99 per month and $1.99 per
movie, m. Write an equation to represent the total cost, t, per month.
Dependent variable:
Independent variable:
Equation:
Use your equation to determine the monthly cost if Oliver watched 5 movies.

Answers

Answer:

4.99 + 1.99m = T. Dependent Variable = T (Total Cost), Independent Variable = M (Movies) Now, for the equation we have to input 5 for the m because he watched 5 movies. So, 4.99 + 1.99(5) = T Well, 1.99 x 5 is 9.95 so our next step is this 4.99 + 9.95 = T and that  added up together would be 14.94 dollars. $14.94 = T

Step-by-step explanation: I hope that this helps you!

At one time , only 22 California condors were known to exist . Today there are 446 . How many more California condors are there now ?

Answers

Answer:

424

Step-by-step explanation:

446-22

Help!!I’ll make you brainly!!

Answers: 2x-1
3x+2
2x+1
3x-2
3x+2
X+1
X-4
x-6
x-5
x
x-4
x+6
x-5
x-5
x-5
x+5
2x+1
X+2

Answers

Answer:

Step-by-step explanation:

Q1: 4=10x+5

4-5=10x

-1=10x

-1/10=10x/10=-0.1

Q2:s=3w+2x

s-3w=2x

s-3w/2=2x/2.

Kendra surveyed 100 people who own a dog or a cat, or both. Of those surveyed, 15 one both a dog and a cat, and the number of people who people who own a dog is four times the number of people who own a cat. How many people surveyed own a cat?

Answers

Answer:

40people

Step-by-step explanation:

Let the number of those that owned a dog be x

Let the number of those that owned a cat be y

If the number of people who own a dog is four times the number of people who own a cat, then:

x = 4y

Since x+y =100

4y+y = 100

5y = 200

y = 200/5

y = 40

x = 4(40)

x = 160

Hence 40 people surveyed own a cat

plz help fast :( will give thanks

Answers

Answer:

45

Step-by-step explanation:

Because a triangle always has a 180 degree total, we know how to find the answer. Since there is 90 used already, there is only 90 left with 2 points. So we divide the 90 by 2 and get 45 degrees as our answer.

x= 40I used Online Protractor!

It is so useful and helpful for questions like this. It will make your life 10 times better.

I hope this helped! +*♡

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