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UK income tax allowances, rates and bandsIn order to calculate the amount received from income after tax, you need to know: the allowances – income tax is not deducted from these the bands into which income is allocated the different rates at which income tax will be deducted from the bandsFor example, in 2013-14, someone aged 57 earning £20,000 per year, will: have a tax-free allowance of £6,290 pay tax at 11% on £4,240 and pay tax at 18% on the remaining £9,470Q. Two colleagues at a supermarket both earn £21,000 per year. Given that one is 44 and the other is 66, what is the difference in their income tax contributions in 2012-13?a)£158.40b)£163.20c)£168.00d)£172.80e)£177.60Correct answer is option 'A'. Can you explain this answer? for UCAT 2025 is part of UCAT preparation. The Question and answers have been prepared according to the UCAT exam syllabus. Information about UK income tax allowances, rates and bandsIn order to calculate the amount received from income after tax, you need to know: the allowances – income tax is not deducted from these the bands into which income is allocated the different rates at which income tax will be deducted from the bandsFor example, in 2013-14, someone aged 57 earning £20,000 per year, will: have a tax-free allowance of £6,290 pay tax at 11% on £4,240 and pay tax at 18% on the remaining £9,470Q. Two colleagues at a supermarket both earn £21,000 per year. Given that one is 44 and the other is 66, what is the difference in their income tax contributions in 2012-13?a)£158.40b)£163.20c)£168.00d)£172.80e)£177.60Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UCAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for UK income tax allowances, rates and bandsIn order to calculate the amount received from income after tax, you need to know: the allowances – income tax is not deducted from these the bands into which income is allocated the different rates at which income tax will be deducted from the bandsFor example, in 2013-14, someone aged 57 earning £20,000 per year, will: have a tax-free allowance of £6,290 pay tax at 11% on £4,240 and pay tax at 18% on the remaining £9,470Q. Two colleagues at a supermarket both earn £21,000 per year. Given that one is 44 and the other is 66, what is the difference in their income tax contributions in 2012-13?a)£158.40b)£163.20c)£168.00d)£172.80e)£177.60Correct answer is option 'A'. Can you explain this answer?.

Solutions for UK income tax allowances, rates and bandsIn order to calculate the amount received from income after tax, you need to know: the allowances – income tax is not deducted from these the bands into which income is allocated the different rates at which income tax will be deducted from the bandsFor example, in 2013-14, someone aged 57 earning £20,000 per year, will: have a tax-free allowance of £6,290 pay tax at 11% on £4,240 and pay tax at 18% on the remaining £9,470Q. Two colleagues at a supermarket both earn £21,000 per year. Given that one is 44 and the other is 66, what is the difference in their income tax contributions in 2012-13?a)£158.40b)£163.20c)£168.00d)£172.80e)£177.60Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for UCAT. Download more important topics, notes, lectures and mock test series for UCAT Exam by signing up for free.

Here you can find the meaning of UK income tax allowances, rates and bandsIn order to calculate the amount received from income after tax, you need to know: the allowances – income tax is not deducted from these the bands into which income is allocated the different rates at which income tax will be deducted from the bandsFor example, in 2013-14, someone aged 57 earning £20,000 per year, will: have a tax-free allowance of £6,290 pay tax at 11% on £4,240 and pay tax at 18% on the remaining £9,470Q. Two colleagues at a supermarket both earn £21,000 per year. Given that one is 44 and the other is 66, what is the difference in their income tax contributions in 2012-13?a)£158.40b)£163.20c)£168.00d)£172.80e)£177.60Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of UK income tax allowances, rates and bandsIn order to calculate the amount received from income after tax, you need to know: the allowances – income tax is not deducted from these the bands into which income is allocated the different rates at which income tax will be deducted from the bandsFor example, in 2013-14, someone aged 57 earning £20,000 per year, will: have a tax-free allowance of £6,290 pay tax at 11% on £4,240 and pay tax at 18% on the remaining £9,470Q. Two colleagues at a supermarket both earn £21,000 per year. Given that one is 44 and the other is 66, what is the difference in their income tax contributions in 2012-13?a)£158.40b)£163.20c)£168.00d)£172.80e)£177.60Correct answer is option 'A'. Can you explain this answer?, a detailed solution for UK income tax allowances, rates and bandsIn order to calculate the amount received from income after tax, you need to know: the allowances – income tax is not deducted from these the bands into which income is allocated the different rates at which income tax will be deducted from the bandsFor example, in 2013-14, someone aged 57 earning £20,000 per year, will: have a tax-free allowance of £6,290 pay tax at 11% on £4,240 and pay tax at 18% on the remaining £9,470Q. Two colleagues at a supermarket both earn £21,000 per year. Given that one is 44 and the other is 66, what is the difference in their income tax contributions in 2012-13?a)£158.40b)£163.20c)£168.00d)£172.80e)£177.60Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of UK income tax allowances, rates and bandsIn order to calculate the amount received from income after tax, you need to know: the allowances – income tax is not deducted from these the bands into which income is allocated the different rates at which income tax will be deducted from the bandsFor example, in 2013-14, someone aged 57 earning £20,000 per year, will: have a tax-free allowance of £6,290 pay tax at 11% on £4,240 and pay tax at 18% on the remaining £9,470Q. Two colleagues at a supermarket both earn £21,000 per year. Given that one is 44 and the other is 66, what is the difference in their income tax contributions in 2012-13?a)£158.40b)£163.20c)£168.00d)£172.80e)£177.60Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice UK income tax allowances, rates and bandsIn order to calculate the amount received from income after tax, you need to know: the allowances – income tax is not deducted from these the bands into which income is allocated the different rates at which income tax will be deducted from the bandsFor example, in 2013-14, someone aged 57 earning £20,000 per year, will: have a tax-free allowance of £6,290 pay tax at 11% on £4,240 and pay tax at 18% on the remaining £9,470Q. Two colleagues at a supermarket both earn £21,000 per year. Given that one is 44 and the other is 66, what is the difference in their income tax contributions in 2012-13?a)£158.40b)£163.20c)£168.00d)£172.80e)£177.60Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice UCAT tests.