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

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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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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