Taxable income Marginal tax rate 0-12.000 € 0% 12.001-30.000€ 29% 30.001-75.000 € 39% άνω 75.000 € 40% Based on the data in the table above, calculate the total tax and the average tax rate for each of the following individuals: (i) A part-time employee with an annual income of € 8,000. (ii) A full-time employee with an annual income of € 35,000. (iii) A manager of a multinational company with an
Taxable income Marginal tax rate 0-12.000 € 0% 12.001-30.000€ 29% 30.001-75.000 € 39% άνω 75.000 € 40% Based on the data in the table above, calculate the total tax and the average tax rate for each of the following individuals: (i) A part-time employee with an annual income of € 8,000. (ii) A full-time employee with an annual income of € 35,000. (iii) A manager of a multinational company with an
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Taxable income | Marginal tax rate |
0-12.000 € | 0% |
12.001-30.000€ | 29% |
30.001-75.000 € | 39% |
άνω 75.000 € | 40% |
Based on the data in the table above, calculate the total tax and the average tax rate for each of the following individuals:
(i) A part-time employee with an annual income of € 8,000.
(ii) A full-time employee with an annual income of € 35,000.
(iii) A manager of a multinational company with an annual income of € 500,000.
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