Question

juilette earns $4500 per month. she gets a tax free allowance of $10000 per year and pays tax at 20% on the rest. how much tax will she pay in a year

Answer 1

Juilette will pay tax $8800 in a year

Explanation:

Juilette earns $4500 monthly. It means she earns $4500*12=$54000 per year.

She gets a tax free allowance of $10000 per year and pays tax at 20% on the rest.

Since she earns more than $10000 per year, the taxable amount is

$54000 - $10000 = $44000

She must pay 20% of $44000:

20% of $44000 = 20 * $44000 / 100 = $8800