2006-09-20 03:26:33 · 11 answers · asked by Lauren D 2 in Business & Finance ➔ Taxes ➔ United Kingdom
It would work out as below:
Gross Pay 27,000.00
Tax free Allowances 5,035.00
Total taxable 21,965.00
Tax paid 4,574.30
National Insurance 2,415.16
Total Deductions 6,989.46
2006 Net Wage £20,010.54
So total deductions are : 25.9% of gross for the 2006/2007 tax year
2006-09-20 03:33:36 · answer #1 · answered by 'Dr Greene' 7 · 5⤊ 0⤋
Dr Greens is the correct answer assuming you get the single persons tax allowance
2006-09-20 03:48:46 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Whats Gordon Brown doing here misquaranding as Dr Green. Good answer from Dr Green. But do not give him/her the 10 points he is too good for that.
2006-09-22 10:36:24 · answer #3 · answered by cool runings 3 · 0⤊ 0⤋
if you want to quibble about it you pay extra tax for most purchases so if you drink alcohol smoke tobacco or drive a vehicle that uses petrol you pay tax on these as well (the tax is often much more than the actual product)
2006-09-22 17:47:08 · answer #4 · answered by mini the prophet of fubar 4 · 0⤊ 0⤋
The National insurance is 11% and as for tax it all depends on your tax code.
2006-09-20 03:35:49 · answer #5 · answered by Mas 7 · 0⤊ 0⤋
There are so many factors that could affect your NI contributions, but I ussually allow 18-24%.
2006-09-20 08:25:37 · answer #6 · answered by Anonymous · 0⤊ 1⤋
Tax: £4,612.30 p.a assuming basic tax code
Class 1 NI: £1,768.40 p.a
2006-09-20 03:38:15 · answer #7 · answered by almac22 1 · 0⤊ 1⤋
22%
2006-09-20 03:30:05 · answer #8 · answered by Anonymous · 0⤊ 1⤋
It works out to approx. 22%
2006-09-20 03:33:58 · answer #9 · answered by MissBehave 5 · 0⤊ 1⤋
General answer is usually a third.
2006-09-20 03:30:14 · answer #10 · answered by OriginalBubble 6 · 1⤊ 1⤋