Total tax paid
E£ 120
Did you know your employer also pays tax on your salary? It costs the employer E£ 74.19 to pay you E£ 1,202. In other words, every time you spend E£ 10 of your hard-earned money, E£ 1 goes to the government.
Real tax rate
9.4%
So, with you and the employer both paying tax, what used to be a 3.8% tax rate now rises to 9.4%, meaning your real tax rate is actually 5.6% higher than what it seemed at first.