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Activity: Calculating taxable pay
Alicia Lyons
Created on November 18, 2024
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Calculating taxable pay
Activity Calculate Clare's pay using her tax code
TIP
£20,120
£22,430
£21,300
Calculating taxable pay
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Clare earns £35,000 per year as an office manager. Her tax code is 1257L. What is Clare's taxable pay for the year?
Who pays income tax?
£2,916.67
Clare's info.
Tax bands
£373.83
£1,869.16
Calculating taxable pay
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What is Clare's monthly tax?
Who pays income tax?
What is Clare's monthly pay after tax has been deducted? (Clare's net monthly pay)
£2,916.67
Clare's info.
£2,542.84
Calculating taxable pay
£1,854.87
Use calculator to help
Who pays income tax?
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Clare earns £35,000 per year as an office manager. Her tax code is 1257L.
Clare's info.
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That's correct!
1257L x 10 = £12,570 £35,000 - £12,570 = £22,430
Remember
To find out how much pay is tax-free, multiply the numbers in the tax code by ten!
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That's correct!
Tax at 20%: £22,430 × 0.20 = £4,486 Monthly tax: £4,486 ÷ 12 = £373.83
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That's correct!
1. Monthly gross pay: £35,000 ÷ 12 = £2,916.672. Monthly tax: £373.83 3. Net monthly pay: £2,916.67 - £373.83 = £2,542.84
Clare earns £35,000 per year as an office manager. Her tax code is 1257L.