Meghan is checking her tax bill for last year.

the tax rate were as follow:

no tax on the first £11,000 of earnings

earning in excess of £11,000 up to £43,000 taxed at a rate of 20%

earning in excess of £43,000 up to £150,000 taxed at a rate of 40%

earning over £150,000 at a rate of 45%

last year, Meghan earned 158,900 before tax

how much tax did she pay in total
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The Latin term "per centum," which signifies "by the hundredth," was the source of the English word "percentage." Segments with a denominator of 100 are considered percentages. In other terms, it is a relationship where the worth of the entire is always considered to be 100.

As per the given data provided in the question,

The rate for tax are,

No tax on the first £11000 of earnings

20% of earnings exceeding £11,000 and up to £43,000 are subject to tax.

Earnings over £43,000 and up to £15,00000 are subject to a 40% tax rate.

Megan made £158.900 before taxes in the previous year, which is subject to a 45% tax rate on income exceeding £150000.

Let's calculate the tax,

0 - 11000 = £11000

11000 - 43000 = £32000

£150000 - £158900 = £8900

Tax in first earning of £11000 = 0

Tax for £32000 = (20/100) * 32000 = £6400

Tax for £107000 = (40/100) * 107000 = £42800

Tax for £8900 = (45/100) * 8900 = £4005

Total tax paid = 0 + £6400 + £42800 + £4005

Total tax paid = £53205

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