Calculate the MCA available in 2020-21 to a husband and wife (both born in August 1934) who
Question:
Calculate the MCA available in 2020-21 to a husband and wife (both born in August 1934) who each have an adjusted net income not exceeding £30,200 and who marry on:
(a) 23 June 2020
(b) 4 April 2021
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
a Two full tax months have passed si...View the full answer
Answered By
Jinah Patricia Padilla
Had an experience as an external auditor in Ernst & Young Philippines and currently a Corporate Accountant in a consultancy company providing manpower to a 5-star hotel in Makati, Philippines, Makati Diamond Residences
5.00+
120+ Reviews
150+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Calculate the MCA available in 2017-18 to a husband and wife (both born in August 1934) who each have an adjusted net income not exceeding 28,000 and who marry on: (a) 23 June 2017 (b) 4 April 2018
-
Calculate the tax liability for 2020-21 of a husband and wife (both born in 1933), using the information below. No elections have been made in relation to the MCA and none of the income is derived...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
1. Resolve Class C 192.168.23.36 /27 2. Design DMZ minimumof 4 servers assigning an IP addressfor all devices 3. List and explain 4 primary servers that will be in the DMZ 4. Resolve Class C 192.168...
-
An ore loader moves 1 200 tons/h from a mine to the surface. Convert this rate to lb/s, using 1 ton = 2 000 lb.
-
At a basketball game in an enclosed arena, you happen to sit next to a screaming baby. If the baby's yell arrives at your ear with an intensity level of \(75 \mathrm{~dB}\), and the music that...
-
A moving object that has inertia \(m\) strikes a stationary object that has inertia \(0.5 \mathrm{~m}\). (a) What fraction of the initial kinetic energy of the system is convertible? (b) Why can't...
-
The price of a stock is $51. You can buy a six-month call at $50 for $5 or a six-month put at $50 for $2. a) What is the intrinsic value of the call? b) What is the intrinsic value of the put? c)...
-
When an object is placed at the focus of a concave mirror, the image formed is (i) at infinity (ii) real and inverted, and (iii) highly magnified (or highly enlarged) M E A D C B P F At infinity N
-
Calculate the income tax liability for 2020-21 of a husband and wife (both born in March 1935) given the information shown below. In each case, an election has been made for 50% of the tax reduction...
-
Calculate the MCA available for 2020-21 in the following situations: In each case, MCA is claimed and the stated income figure is the adjusted net income. All of the couples were married before 5...
-
The trial balance of Leeway Investors as at 31 December 20x6 (financial year end), is given below together with additional information: Additional information: 1. Wages earned by employees in...
-
Artificial intelligence is becoming increasingly popular in the workplace. However, there have been some complaints regarding its use in education and other fields. Should the use of artificial...
-
Please write a two-page Formal Analysis (consider art elements and principles of design) on a film by any of these expertly directed film masters: Any of these 10 films considered the best directed...
-
From the top of a cliff, a person throws a stone straight downward. The initial speed of the stone just after leaving the person's hand is 9.4 m/s. (a) What is the acceleration (magnitude in m/s and...
-
2. Create the following html page using internal CSS with the same styles as described with green background page Header 3 is red verdana Header 4 is white calibri italic Header 3 is blue arial...
-
What can you do to improve your emotional intelligence skills? List three goals/strategies you can implement to improve your emotional intelligence skills. Do you think EQ predicts more career...
-
Northrop Grumman is a leading aerospace/defense company. The company has developed the F-16 fighter, the Apache helicopter, the AWACS early warning airborne radar, and the B-2 Stealth bomber....
-
Determine the volume of the parallelepiped of Fig. 3.25 when (a) P = 4i 3j + 2k, Q = 2i 5j + k, and S = 7i + j k, (b) P = 5i j + 6k, Q = 2i + 3j + k, and S = 3i 2j + 4k. P
-
Edna's total pension input amounts for tax years 2018-19 to 2021-22 are as follows: She has no unused annual allowance to bring forward from previous years. Her taxable income for 2021-22 (after...
-
Damon is a member of a defined benefit registered pension scheme. On retirement, he will receive an annual pension equal to 1/60th of final salary for each year of pensionable service. He will also...
-
Karen belongs to a number of registered pension schemes. Until tax year 2009-10 she had received no benefits from any of these schemes but in October 2009 she took a lump sum of 350,000 from one of...
-
Joes Bakery began operations on March 1, 2017. During the month, Joe had in-store sales of $27,500 for which the bakery was paid at the time of sale and had $13,500 of sales to commercial customers...
-
Gamma Ltd has a reconciliation problem. The bank reconciliation officer is unable to reconcile the cash at bank value recorded in the general ledger account with the cash at bank balance disclosed on...
-
1. The following inventory information was taken from the records of GlobeKom Ltd.: C. Historical cost Replacement cost Expected selling price Expected selling cost Normal profit margin $12,000...
Study smarter with the SolutionInn App