Option B seems to be the correct solution, in accordance with the discussion. $593,750
What exactly is taxation?
Almost in every country around the world, governments levy mandatory taxes on individuals or organizations. Taxation is primarily used to generate revenue for govt spending, but it can also be used for other purposes.
Why do we have to pay taxes?
HMRC collects income tax on the government's behalf. It is used to help fund government services. The NHS, education, and welfare systems, for example, as well as investments in public projects such as roads, rail, and housing. Taxation is important because manage and support this money and employ it to fund social projects. Government initiative to the medical sector would've been impossible without taxes.
To know more about Tax visit:
https://brainly.com/question/16423331
#SPJ4
