Q1 Calculating weekly Net Tax

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TEAME CIT

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TEAME CIT 8 years, 5 months ago

Published this.

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TEAME CIT 9 years, 5 months ago

Created this as a copy of Q18.

Name	Status	Author	Last Modified
Q1 Calculating weekly Net Tax	draft	TEAME CIT	07/10/2016 23:01
Q2 Calculating Annual Net Tax	draft	TEAME CIT	07/10/2016 23:01

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Question statement

$\var{name}$ has a weekly wage of € $\var{wage}$ . His standard cut-off point is € $\var{cut}$ , and his tax credit is € $\var{credit}$ per week. The standard rate of income tax is $\var{standard}$ % and the higher rate is $\var{higher}$ %.

Give any introductory information the student needs.

			Name	Type	Generated Value

name	string	Steve
wage	integer	780
cut	integer	590
credit	integer	68
standard	integer	22
higher	integer	42
ans	rational	708/5

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random('David','John','Paul','Noel','Steve')

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Generated value: `string`

Steve

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Calculate the amount of income tax he pays each week.

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Advice

{standard}% => $\frac{\var{standard}}{100}$

{higher}% => $\frac{\var{higher}}{100}$

Calculate the gross income tax for the week first as follows:

Calculate the standard cut-off point amount first by $\frac{\var{standard}}{100} \times \var{cut}$

Then, the income tax at the higher rate by $\frac{\var{higher}}{100} \times (\var{wage} - \var{cut})$

Finally, add them to get the gross income tax

$(\frac{\var{standard}}{100} \times \var{cut}) + (\frac{\var{higher}}{100} \times (\var{wage} - \var{cut}))$

Using the gross income tax calculated in above

Subtract the tax credit, $\var{credit}$ , giving the amount of income tax paid.

$(\frac{\var{standard}}{100} \times \var{cut}) + (\frac{\var{higher}}{100} \times (\var{wage} - \var{cut})) - \var{credit} = \var{ans}$

Look at this website for worked examples:

how to work out my tax

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This question is used in the following exams:

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TEAME CIT 8 years, 5 months ago

TEAME CIT 9 years, 5 months ago

Error in variable testing condition

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Generated value: `string`

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Q1 Calculating weekly Net Tax

Metadata

Taxonomy: mathcentre

Taxonomy: Kind of activity

Taxonomy: Context

Contributors

History

Comment

Checkpoint description

TEAME CIT 8 years, 5 months ago

TEAME CIT 9 years, 5 months ago

Error in variable testing condition

Error

Warning

Generated value: string

Parts

Gap-fill

Generated value: `string`