How to calculate tax: PLEASE HELP. Watch

Wolfram Alpha
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Hi,
I am very confused as to why that;s the answer because I got 651£ rather than £684.
I did 42,000 - 5225 (2007-2008 allowance) = 36,775.
Then 10% of 2230 = 223
So 36775 - 223 = 36,552
Then 22% of 34,600 = 7612 BUT I'ver made an error here somewhere because this value is supposed to be 7121.40
Can someone please help, thanks.
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Notnek
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(Original post by Wolfram Alpha)
Hi,
I am very confused as to why that;s the answer because I got 651£ rather than £684.
I did 42,000 - 5225 (2007-2008 allowance) = 36,775.
Then 10% of 2230 = 223
So 36775 - 223 = 36,552
Then 22% of 34,600 = 7612 BUT I'ver made an error here somewhere because this value is supposed to be 7121.40
Can someone please help, thanks.
A personal allowance of £5225 leaves £36775 which is taxable. Then according to the table the tax will be laid out like this:

0 - £2230 ( = £2230) : starting rate
£2231-£34600 (= £32370) : basic rate
£34601-£36775 (= £2155) : higher rate

Does this help?

I'm not sure why you subtracted 223 in your working since this is the amount of tax.
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Wolfram Alpha
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(Original post by Notnek)
A personal allowance of £5225 leaves £36775 which is taxable. Then according to the table the tax will be laid out like this:

0 - £2230 ( = £2230) : starting rate
£2231-£34600 (= £32370) : basic rate
£34601-£36775 (= £2155) : higher rate

Does this help?

I'm not sure why you subtracted 223 in your working since this is the amount of tax.
Ohhhhh, I see I see I see!!!! I'm not sure what I was doing back there, probably got the method confused... thank you VERY much!
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Notnek
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(Original post by Wolfram Alpha)
Ohhhhh, I see I see I see!!!! I'm not sure what I was doing back there, probably got the method confused... thank you VERY much!
I've seen these types of questions before (UKCAT?) and they can be quite confusing, especially in this one where students are probably not used to paying tax
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Wolfram Alpha
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(Original post by Notnek)
I've seen these types of questions before (UKCAT?) and they can be quite confusing, especially in this one where students are probably not used to paying tax
UKCAT indeed. You're quite right, it's so time pressured too (30 secs to do a calculation like that) which makes it even worse...
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Notnek
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(Original post by Wolfram Alpha)
UKCAT indeed. You're quite right, it's so time pressured too (30 secs to do a calculation like that) which makes it even worse...
I remember finding the situational judgment questions hard when I had a go at the whole test. But this makes sense because I've never thought about being a doctor
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Wolfram Alpha
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(Original post by Notnek)
I remember finding the situational judgment questions hard when I had a go at the whole test. But this makes sense because I've never thought about being a doctor
Oh yes, definitey. STJ has an age bias which is annoying... [graduates always do better]

Do you mind helping me with this questions please??
I am so confused as to why 60mph in 6 secs is equivalent to 30mph in 6 secs...
Thanks in advance!
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Notnek
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(Original post by Wolfram Alpha)
Oh yes, definitey. STJ has an age bias which is annoying... [graduates always do better]

Do you mind helping me with this questions please??
I am so confused as to why 60mph in 6 secs is equivalent to 30mph in 6 secs...
Thanks in advance!
The car is not travelling at a constant speed of 60mph for 6 seconds. Instead it is starting at rest and accelerating for 6 seconds until it reaches 60mph. So throughout the motion, the average speed will be (0+60)/2 = 30.

If you know mechanics then the working is using the constant acceleration formula:

\displaystyle \textrm{Displacement}=\textrm{av  erage} \ \textrm{speed} \times \textrm{time} = \left(\frac{v-u}{2}\right) t
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Wolfram Alpha
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(Original post by Notnek)
The car is not travelling at a constant speed of 60mph for 6 seconds. Instead it is starting at rest and accelerating for 6 seconds until it reaches 60mph. So throughout the motion, the average speed will be (0+60)/2 = 30.

If you know mechanics then the working is using the constant acceleration formula:

\displaystyle \textrm{Displacement}=\textrm{av  erage} \ \textrm{speed} \times \textrm{time} = \left(\frac{v-u}{2}\right) t
Oh...thank you...I am pretty sure that would not be classed as 'basic maths' which is apparently all one needs for the UKCAT!
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