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The chart below reflects the average (mean) wage as reported by various data providers, like Eurostat. [1] The salary distribution is right-skewed, therefore more than 50% of people earn less than the average gross salary. Thus, median figures might be more representative than averages. [2] These figures will shrink after income tax is applied.
Annual income percentiles for taxpayers in the UK, before and after income tax. In the SVG file, hover over a graph to highlight it. The most recent SPI report (2012/13) gave annual median income as £21,000 before tax and £18,700 after tax. [7] The 2013/14 HBAI report gave median household income (2 adults) as £23,556. [9]
Average annual wages per full-time equivalent dependent employee are obtained by dividing the national-accounts-based total wage bill by the average number of employees in the total economy, which is then multiplied by the ratio of average usual weekly hours per full-time employee to average usually weekly hours for all employees.
The total Finnish income tax includes the income tax dependable on the net salary, employee unemployment payment, and employer unemployment payment. [18] [19] The tax rate increases very progressively rapidly at 13 ke/year (from 25% to 48%) and at 29 ke/year to 55% and eventually reaches 67% at 83 ke/year, while little decreases at 127 ke/year ...
The following list provides information relating to the minimum wages (gross) of countries in Europe. [ 1 ] [ 2 ] The calculations are based on the assumption of a 40-hour working week and a 52-week year, with the exceptions of France (35 hours), [ 3 ] Belgium (38 hours), [ 4 ] United Kingdom (38 hours), [ 3 ] Germany (38 hours), [ 5 ] Ireland ...
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