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The UK currently has a progressive income tax system on earnings. The rules are as follows: Any earnings under 11 , 500 GBP are taxed
The UK currently has a progressive income tax system on earnings. The rules are as follows:
- Any earnings under
11,500 GBP are taxed at0% . - Any earnings between
11,500 GBP and33,500 GBP are taxed at20%. - Any earnings between
33,500 GBP and150,000 GBP are taxed at40% . - Any earnings above
150,000 GBP are taxed at50% .
An executive earns
Give your answer in pounds to the nearest pound.
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