Bob earns £7.70 an hour, and he works 30 hours per week. If Bob has 28 days of unpaid holidays to take, how much does he earn in a year? Also will he be taxed? (Bob will be taxed if he earns over £10000 in one year)
28 days holidays is equivalent to 4 weeks holiday. So in total works for 48 weeks. Now Bob works 30 hours per week, multiply this by 48 giving 1440 hours for his working year. So in order to solve for his total earnings multiply 1440 by 7.7 giving £11088. Since £11088 is greater than £10000, Bob will be taxed.
CY