[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-620885-105":59,"doc-detail-620885-en":130},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":123,"head_meta":125,"extra_data":127,"updated_unix":129},105,"en","functional-skills-maths-level-1-and-2-income-tax-explainer","Functional Skills Maths - Level 1 and 2 Income Tax Explainer","","Functional Skills Maths Level 1 and 2 provides an accessible income tax explainer focused on how the UK Income Tax system works. It defines Income Tax as a direct tax on personal income, shows that the tax owed depends on earnings, and explains the banded structure effective from 1 January 2024. Worked examples for incomes of £20,000 and £60,000 demonstrate how taxable pay is calculated using Personal Allowance, and how tax is computed across Basic and Higher Rate bands.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":20,"@type":76,"position":81},"https://docshare.wps.com/document/exam/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/functional-skills-maths-level-1-and-2-income-tax-explainer/620885/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/functional-skills-maths-level-1-and-2-income-tax-explainer/620885.png","ImageObject",300,407,{"name":92,"@type":93},"Valentina","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-31","2026-10-20",true,{"@type":102,"interactionType":103,"userInteractionCount":19},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What is Income Tax in the UK?","Question",{"text":112,"@type":113},"Income Tax is a direct tax a person in the UK pays on their income. How much you pay depends on how much you earn.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"What are the Income Tax bands effective from 1 January 2024?",{"text":117,"@type":113},"The bands are Personal Allowance (up to £12,570 at 0%), Basic Rate (£12,571 to £50,270 at 20%), Higher Rate (£50,271 to £125,140 at 40%), and Additional Rate (over £125,140 at 45%).",{"name":119,"@type":110,"acceptedAnswer":120},"How is Income Tax calculated for someone earning £20,000 or £60,000?",{"text":121,"@type":113},"For £20,000, tax is calculated on the amount over the Personal Allowance, using 20% of the Basic Rate taxable amount. For £60,000, tax is split between Basic Rate and Higher Rate portions after subtracting the Personal Allowance.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},620885,1792778844,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":19,"category_name":20,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":19,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":19,"language":139,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":140,"faqs":141,"seo_title":142,"seo_description":67,"update_tm":143,"read_time":52,"preview_page_count":4},13056703020460,"https://ap-avatar.wpscdn.com/avatar/be000253dac470eee5d?_k=1778207105932848923","Functional Skills Maths | Level 1 and 2 Income Tax Explainer What is Income Tax?  \n• Income Tax is a direct tax that a person in the United Kingdom pays on their income.  \n• How much Income Tax you pay depends on how much money you earn.  \n• Income Tax is broken into the following bands (as of 1 January 2024):  \n\n| Band | Taxable Income | Tax Rate |\n| --- | --- | --- |\n| Personal Allowance | Up to £12,570 | 0% |\n| Basic Rate | £12,571 to £50,270 | 20% |\n| Higher Rate | £50,271 to £125,140 | 40% |\n| Additional Rate | Over £125,140 | 45% |\n\nWhat this means is that a person can earn up to £12,570 without paying Income Tax and that most people do not pay Income Tax on the first £12,570 they earn.  \nLet’s look at some examples.  \nExample 1  \n• For a person earning £20,000, the rates are broken down into Personal Allowance and Basic Rate.  \n• They only pay Income Tax on the amount over the Personal Allowance.  \n• To work out the taxable pay, they need to do the following sum:  \nTotal pay – Personal Allowance £20,000 – £12,570  \n• This means £7,430 of their income is taxable.  \n• To work out how much Income Tax this person pays, we need to work out 20% of Basic Rate amount.  \nFind 10% of £7,430 by dividing by 10 £7,430 ÷ 10 = £743  \nFind 20% by multiplying the answer by 2 £743 x 2 = £1,486  \n• In this case it is £1,486 .  \nExample 2  \n• For a person earning £60,000, the rates are broken down into Personal Allowance, Basic Rate and Higher Rate.  \n• They only pay Income Tax on the amount over the Personal Allowance.  \nTotal pay – Personal Allowance £60,000 – £12,570  \n• This means £47,430 of their income is taxable.  \n• They need to work out how much tax they will pay at the Basic Rate and the Higher Rate.  \nTotal pay – Basic Rate Upper Threshold £60,000 – £50,270  \n• £9,730 is taxable at the Higher Rate.  \nBasic Rate Upper Threshold – Personal Allowance £50,270 – £12,570  \n• £37,700 is taxable at the Basic Rate.  \n• To work out how much Income Tax this person pays, we need to work out 20% of Basic Rate amount and 40% of the Higher Rate.  \nFind 10% of £37,700 by dividing by 10 £37,700 ÷ 10 = £3,770 Find 20% by multiplying the answer by 2 £3,770 x 2 = £7,540  \n• The Basic Rate tax amount is £7,540 .  \nFind 10% of £9,730 by dividing by 10 £9,730 ÷ 10 = £973  \nFind 40% by multiplying the answer by 4 £973 x 4 = £3,892  \n• The Higher Rate tax amount is £3,892 .  \nTotal Tax = Basic Rate + Higher Rate £7,540 + £3,892  \n• The total tax amount is £11,432 .","cbCainpqvxYbA08F","https://ap.wps.com/l/cbCainpqvxYbA08F","pdf",162620,"English","# What is Income Tax?\n## Income Tax bands (as of 1 January 2024)\n## Example 1: £20,000 income\n## Example 2: £60,000 income","[{\"question\":\"What is Income Tax in the UK?\",\"answer\":\"Income Tax is a direct tax a person in the UK pays on their income. How much you pay depends on how much you earn.\"},{\"question\":\"What are the Income Tax bands effective from 1 January 2024?\",\"answer\":\"The bands are Personal Allowance (up to £12,570 at 0%), Basic Rate (£12,571 to £50,270 at 20%), Higher Rate (£50,271 to £125,140 at 40%), and Additional Rate (over £125,140 at 45%).\"},{\"question\":\"How is Income Tax calculated for someone earning £20,000 or £60,000?\",\"answer\":\"For £20,000, tax is calculated on the amount over the Personal Allowance, using 20% of the Basic Rate taxable amount. For £60,000, tax is split between Basic Rate and Higher Rate portions after subtracting the Personal Allowance.\"}]","Functional Skills Maths - Level 1 and 2 Income Tax Explainer | PDF",1792464715]