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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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A There is a marginal tax rate of 15 for 4999 which is 7498... blur-text-image

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