I need help calculating income tax. For example if I earned 20000 and my expenses were 7000. Do I pay tax on 13000? so would that be 20% of 13,000 minus my tax credits. PLease can someone explain exactly how this is calculated? and give examples.
I need help calculating income tax. For example if I earned 20000 and my expenses were 7000. Do I pay tax on 13000? so would that be 20% of 13,000 minus my tax credits. PLease can someone explain exactly how this is calculated? and give examples.