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    Income Bank Interest Dividents Total Income PA Taxamble Income

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    Diana Gaju
    example

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    Income Bank Interest Dividents Total Income PA Taxamble Income

    Uploaded by

    Diana Gaju
    10 views7 pages
    example

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    Taxation

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    10 views7 pages

    Income Bank Interest Dividents Total Income PA Taxamble Income

    Uploaded by

    Diana Gaju
    example

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
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    Diana Gaju 19027418 EXAM 27/11/2020

    Q1 Total Non-savings Savings


    Income 18000 18000
    Bank Interest 5000 5000
    Dividents 80000
    Total Income 103000 18000 5000
    PA 11000 11000
    Taxamble income 92000 7000 5000

    Non- Savings Basic rate 20% 7000

    Savings PSA 0% 500


    Basic Rate 20% 4500

    Dividents Nil Rate 0% 2000


    Basic Rate 7.5%. 23500
    Higher Rate 32.5%. 54500

    Tax liability
    Dividents

    80000
    80000

    80000

    1400

    0
    900

    0
    1762.5
    17712.5

    21775
    PA 103000/2 206000
    103000-100000=3000
    3000/2 = 1500
    12500-1500= 11000
    Question 3
    Zara
    Basis
    Salary 01/04/20- 06/08/20
    06/08/20- 31/03/21
    Total Salary

    Pension Employee 5%
    Employer 7.5%
    Pension 6%previous job

    Salary net pension

    Living Acomodation Annual value


    Value over 750000
    Furnature *20%
    Running costs
    Total cost year
    Furniture *20%
    Running costs
    Total cost year
    Total cost month
    Cost *8 months
    -' contribution

    Total accomodation

    Loan
    Mobile phone
    Medical insurance
    Gym

    Use of own car 45p 10000 miles


    25p 10000 miles

    Benefit Allowed
    -'Benefit Given 35p 11000 miles
    Deficit Allowed

    Car benefit List price


    Carbon emission 75g/km20%
    Additional emission 71g/km/514.2%
    Total emissions 34%
    Total emissions Percentage

    Car Benefit
    -'Contribution 420
    Fuel

    Taxable income
    20000
    53000
    73000

    -2650

    -1200

    69150

    7000
    10687.5
    2400
    6000
    26087.5
    2400
    6000
    26087.5
    2173.958
    17391.667
    -2000

    15391.667

    375 250
    0
    1000
    800

    4500
    250

    4750
    3850
    -900 -900

    50550

    8593.5
    -420
    8173.5 8173.5

    4165 4165

    98030.17

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