10. Amy earns €39 000 gross annual pay. Income Tax must be paid as follows: No tax is paid on the first €3 000. 8% is paid on the next €11 000. 11% is paid on the next €12 000. 12% Is paid on the remaining salary. a) Calculate Amy's Income Tax b) Calculate her annual net salary.
10. Amy earns €39 000 gross annual pay. Income Tax must be paid as follows: No tax is paid on the first €3 000. 8% is paid on the next €11 000. 11% is paid on the next €12 000. 12% Is paid on the remaining salary. a) Calculate Amy's Income Tax b) Calculate her annual net salary.
Chapter12: Sequences, Series And Binomial Theorem
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Transcribed Image Text:10.Amy earns €39 000 gross annual pay. Income Tax must be paid as follows:
No tax is paid on the first €3 000.
8% is paid on the next €11 000.
11% is paid on the next €12 000.
12% is paid on the remaining salary.
a) Calculate Amy's Income Tax
b) Calculate her annual net salary.
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