Question
An individual pays taxes as a single tax payer. During the year his taxable income totaled EUR 6,000. Applying the following rates, calculate his tax
An individual pays taxes as a single tax payer. During the year his taxable income totaled EUR 6,000. Applying the following rates, calculate his tax bill and average tax rate.
| Taxable Income (EUR) | Tax rate (%) | |
| Over | Up to |
|
| 0 | 5,000 | 15 |
| 5,000 | 17,000 | 20 |
| 17,000 | 50,000 | 25 |
| 50,000 | 120,000 | 28 |
| 120,000 |
| 32 |
Using the following rates, calculate his tax bill and average tax rate.
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Finance And Sustainable Development
Authors: Magdalena Ziolo
1st Edition
0367819767, 978-0367819767
