Higher November 2019 Paper 3 Q15
15 When you earn money you pay income tax.
The amount you pay depends on how much you earn that year.
You pay
0% on the first £12 500 you earn
20% on the next £37 500 you earn
40% on the next £112 500 you earn.
One year, Kim paid £9260 income tax.
Work out how much she earned that year. [4 marks]
| Answer | Mark | Comments |
|---|---|---|
| \(37\,500 \times 0.2\) or 7500 | M1 | |
| \((9260 -\) their \(7500) \div 0.4\) or \(1760 \div 0.4\) or 4400 | M1dep | |
| their \(4400 + 37\,500 + 12\,500\) | M1dep | dep on M2 |
| 54 400 | A1 |
Additional guidance
Trial and improvement for any part only scores if the correct value is found