Total tax paid
E£ 388
Did you know your employer also pays tax on your salary? It costs the employer E£ 239 to pay you E£ 12,688. In other words, every time you spend E£ 10 of your hard-earned money, E£ 0.31 goes to the government.
Real tax rate
3.0%
So, with you and the employer both paying tax, what used to be a 1.2% tax rate now rises to 3.0%, meaning your real tax rate is actually 1.8% higher than what it seemed at first.