Figure 1 shows the income tax rates for Malta in 2022. Elena earns €14 200 as a graphic designer. This means Elena only pays tax on €3 700.
Calculate the net pay in euros (€) for Elena. You are advised to show your working.
Figure 1
| Taxable income (€) | Tax rate (%) |
|---|---|
| 0 to €10 500 | 0% |
| €10 501 – €15 800 | 15% |