Lesson details

Key learning points

  1. In this lesson, we will learn about how income tax in the UK is calculated and used.

Licence

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5 Questions

Q1.
If a person earned £30,000, they would pay no income tax.
Correct answer: False
True
Q2.
In the UK (as of July 2020), you can earn £12,500 and pay no income tax.
False
Correct answer: True
Q3.
If I earned £9,000 per year, how much would I pay in income tax?
Correct answer: £0
£1,800
£3,600
£4,050
Q4.
If an individual earned £35,000 a year, how much income tax would they pay?
£0
£14,000
Correct answer: £4,500
£7,000
Q5.
If an individual earned £130,000 a year, how much income tax would they pay?
Correct answer: £39,500
£42,000
£60,000
£67,500

Lesson appears in

UnitMaths / Finance