Q2 Calculating Annual 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 Q1 Calculating weekly Net Tax.

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 an annual salary of € $\var{wage}$ . Her standard cut-off point is € $\var{cut}$ , and her tax credit is € $\var{credit}$ . 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	Niamh
wage	integer	53000
cut	integer	34500
credit	integer	4700
standard	integer	23
higher	integer	41
ans	rational	10820

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xxxxxxxxxx
 
random('Niamh','Rose','Sarah','Susan','Kate')

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Description

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Generated value: `string`

Niamh

This variable doesn't seem to be used anywhere.

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Calculate the amount of income tax she pays for the year.

To the nearest euro!!

€Unnamed gap

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.

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

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Taxonomy: mathcentre

Taxonomy: Kind of activity

Taxonomy: Context

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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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Q2 Calculating Annual 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`