Karen Morrison and Nick Hamshaw Solutions for Exercise 3: Exercise 17.3

Use the tax table below to workout the annual tax payable and the monthly tax deductions for $\$98000$ taxable income.

Use the tax table below to workout the annual tax payable and the monthly tax deductions for $\$120000$ taxable income.

Use the tax table below to workout the annual tax payable and the monthly tax deductions for $\$129000$ taxable income.

Use the tax table below to answer the question that follows.

Li-Gon has a taxable income of $\$40000$ for this tax year. He tells his friends that he is in the $25\%$ tax bracket. Does it mean that he pays $\$10000$ in income tax? Explain why or why not.

Use the tax table below to answer the question that follows.

Li-Gon has a taxable income of $\$40000$ for this tax year. He tells his friends that he is in the $25\%$ tax bracket. When Li-Gon checks his tax return, he finds that he only has to pay $\$6181.25$ income tax. Show how this amount is calculated by the revenue services.

Use the tax table below to answer the question that follows.

How much tax would a person earning $\$250000$ pay in this tax year?

Use the tax table below to answer the question that follows.

Cecelia earned $\$30000$ in taxable income in this year. Her employer deducts $\$320.25$ income tax per month from her salary. Will Cecelia have to pay additional tax at the end of the tax year or will she be due for a tax refund as a result of overpaying?

Use the tax table below to answer the question that follows.

Cecelia earned $\$30000$ in taxable income in this year. Her employer deducts $\$320.25$ income tax per month from her salary. How much is the amount due at the end of the year?