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A bus driver has a tax credit of €60 a week and pays an income tax on all his wages at the standard rate of 20%. If he pays €140 in income tax for the week, find his gross weakly wage

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Answer:

Gross weekly wage = (Income tax + Tax credit) / Tax rate

We know that the income tax is €140, the tax credit is €60, and the tax rate is 20%. Plugging these values into the formula, we get:

Gross weekly wage = (€140 + €60) / 0.2 Gross weekly wage = €200 / 0.2

Gross weekly wage = €1000

Therefore, the gross weekly wage of the bus driver is €1000.

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