Using the data in Extract D (Figure 2), calculate, to the nearest pound, the amount of income tax payable for an individual in Zone A earning £14 950.
Figure 1: Government tax receipts and public expenditure, 2019–2025
| Fiscal Year | Tax receipts (£bn) | Government expenditure (£bn) |
|---|---|---|
| 2019–20 | 640 | 760 |
| 2020–21 | 670 | 810 |
| 2021–22 | 700 | 870 |
| 2022–23 | 730 | 850 |
| 2023–24 | 770 | 880 |
| 2024–25 | 810 | 910 |
Figure 2: Marginal income tax rates and bands in Zone A and Zone B, 2025/26
| Zone A | Zone B | ||
|---|---|---|---|
| Tax Band (£) | Tax Rate | Tax Band (£) | Tax Rate |
| 0 – 11 800 | 0% | 0 – 11 800 | 0% |
| 11 801 – 15 500 | 19% | 11 801 – 48 500 | 21% |
| 15 501 – 27 500 | 21% | ||
| 27 501 – 45 500 | 22% | ||
| 45 501 – 145 000 | 42% | 48 501 – 145 000 | 41% |
| 145 001+ | 47% | 145 001+ | 46% |
