
Income Tax and National Insurance Quiz
Authored by Tommy Mcelvanney
Mathematics
11th Grade
Used 1+ times

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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If your annual income is £30,000, and the personal allowance is £12,570, what is the taxable income?
£17,430
£18,000
£19,000
£20,000
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the income tax payable on a taxable income of £20,000 if the basic rate is 20%?
£3,000
£4,000
£5,000
£6,000
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If your annual income is £50,000, and the personal allowance is £12,570, what is the taxable income?
£35,430
£37,430
£38,000
£40,000
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Calculate the income tax payable on a taxable income of £37,430 at a basic rate of 20%.
£6,486
£7,000
£7,486
£8,000
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If your annual income is £60,000, and the personal allowance is £12,570, what is the taxable income?
£45,430
£47,430
£48,000
£50,000
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the income tax payable on a taxable income of £47,430 if the basic rate is 20% and the higher rate is 40% for income above £37,700?
£7,486
£9,486
£10,000
£11,000
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Estimate the net income if your annual income is £40,000, the personal allowance is £12,570, and the basic rate is 20%.
£27,000
£28,000
£29,000
£30,000
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