Total tax paid
E£ 25.45
Did you know your employer also pays tax on your salary? It costs the employer E£ 15.69 to pay you E£ 1,046. In other words, every time you spend E£ 10 of your hard-earned money, E£ 0.24 goes to the government.
Real tax rate
2.4%
So, with you and the employer both paying tax, what used to be a 0.9% tax rate now rises to 2.4%, meaning your real tax rate is actually 1.5% higher than what it seemed at first.