A taxpayer in a particular country currently pays tax on their gross income as:-

Taxable income is income above the tax-free personal allowance of 11500

The first 33 500 of taxable income is taxed at 20%

Any remaining taxable income up to 150 000 is taxed at 40%

Any remaining taxable income is taxed at 45%

In this country the workforce is summarised as:-

Salary Range (). Number (millions)

0 < 11500 14.0

11500 < 45000 30.0

45000 < 161500 4.0

161500 < 500000. 1.0

Using the data above estimate how much income tax the government will receive. Estimate also the total income tax as a percentage of total salary.

You must explain all your working clearly using correct language, grammar and notation.