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Average Salary in the U.S. - 2024 Update - How does YOUR income compare?A person making $55, a year in Toronto makes % less than the average working person in Toronto and will take home about $43, Net Annual Pay: $43, The basic rate of income tax is 20% for annual earnings between ?12, and ?50, in England, Wales and Northern Ireland, although Scotland. I currently make 56k a year and I am hoping to cross 60k this September when appraisals come around. My question is what is considered a.