Using the data in Extract D (Figure 2), calculate, to the nearest pound, the amount of income tax payable for an individual in Region Alpha earning £14 200.
Figure 1: Government tax receipts and public expenditure, 2018–2024
| Fiscal Year | Tax receipts (£bn) | Government expenditure (£bn) |
|---|---|---|
| 2018–19 | 620 | 740 |
| 2019–20 | 650 | 790 |
| 2020–21 | 680 | 850 |
| 2021–22 | 710 | 830 |
| 2022–23 | 750 | 860 |
| 2023–24 | 790 | 890 |
Figure 2: Marginal income tax rates and bands in Region Alpha and Region Beta, 2023/24
| Region Alpha | Region Beta | ||
|---|---|---|---|
| Tax Band (£) | Tax Rate | Tax Band (£) | Tax Rate |
| 0 – 12 570 | 0% | 0 – 12 570 | 0% |
| 12 571 – 14 700 | 19% | 12 571 – 50 270 | 20% |
| 14 701 – 25 680 | 20% | ||
| 25 681 – 43 660 | 21% | ||
| 43 661 – 150 000 | 41% | 50 271 – 150 000 | 40% |
| 150 001+ | 46% | 150 001+ | 45% |
245 exam-style questions on AQA A Level Economics 2.5 Fiscal policy and supply-side policies, covering 2.5.1 Fiscal policy and 2.5.2 Supply-side policies. Each one has a worked solution and a mark scheme showing where the marks go.