Numeracy Intermediate November 2019 Unit 1 Q10
10. Agata is paid in pesos.
The tax rates are as follows:
| Band | Taxable income | Tax rate |
|---|---|---|
| Personal allowance | Up to 200 000 pesos | 0% |
| Standard rate | 200 000 pesos to 500 000 pesos | 10% |
| Further rate | over 500 000 pesos | 35% |
Agata’s total earnings before tax are 600 000 pesos.
Calculate how much tax Agata is due to pay.
You must show all your working. [6]
Agata’s total tax bill …………… pesos
| Scheme | Marks | Comments |
|---|---|---|
| Sight of 300 000 (pesos) or 100 000 (pesos) or sight of 500 000 – 200 000 and 600 000 – 500 000 | B1 | Ignore £ or other currency for pesos May be implied Allow for sight of 200 000 – 500 000 and 500 000 – 600 000 |
| (Tax at 10%) 0.10 × (500 000 – 200 000) or 0.10 × 300 000 or equivalent | M1 | FT use of 'their (500 000 – 200 000)' from an error in subtraction |
| 30 000 (pesos) | A1 | CAO, not FT |
| (Tax at 35%) 0.35 × 100 000 or or 0.35 × (600 000 – 500 000) or equivalent | M1 | FT use of ‘their (600 000 – 500 000)’ as ‘their 100 000’ from an error in subtraction |
| 35 000 (pesos) | A1 | CAO, not FT |
| (Total tax due) 65 000 (pesos) | B1 | FT ‘their 30 000’ + 'their 35 000' provided both M1 marks previously awarded Note: If bounds are taken as 1 peso different to those above, award B0 to start, but FT for amounts 1 peso different to those shown above, including award of possible A marks |