GCSE Maths
GCSE Maths Financial Maths: Tax and Insurance Exam Questions
Free GCSE Maths exam questions on Financial Maths: Tax and Insurance, with full model answers. Covers income tax, allowances and insurance premiums.
Financial Maths: Tax and Insurance exam questions
1 question pack of real past exam questions with its mark scheme. Answer every question without notes, then mark your answers line by line against the mark scheme.
About GCSE Maths Financial Maths: Tax and Insurance
Financial Maths: Tax and Insurance is a Grade 3+ GCSE Maths topic, so it mostly comes up on Foundation tier papers. These questions suit CCEA GCSE. Work through the pack without notes, then mark every answer against the model answers and redo any you got wrong a few days later.
What you need to know
- Personal allowance Tax-free income.
- Tax bands Tax only on income above the allowance.
- Insurance Premiums and excess.
Common mistakes in Financial Maths: Tax and Insurance
- Taxing all income.
- Confusing premium and excess.
Try two Financial Maths: Tax and Insurance exam-style questions
1. Income £20 000, allowance £12 570, tax 20%. Find the tax. (2 marks)
Show the mark scheme answer
£1486
2. What is an insurance excess? (1 mark)
Show the mark scheme answer
The amount you pay towards a claim
Financial Maths: Tax and Insurance FAQs
Which exam boards include Financial Maths: Tax and Insurance?
These questions suit CCEA GCSE.
What grade is Financial Maths: Tax and Insurance in GCSE Maths?
It is a Grade 3+ topic, so it mostly appears on Foundation tier papers.
How should I use these Financial Maths: Tax and Insurance questions?
Answer every question without notes, then check each answer against the model answers and redo the ones you got wrong.
