Ernest (who is not a Scottish taxpayer) has a retirement pension in 2017-18 of 51,890 and bank
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Ernest (who is not a Scottish taxpayer) has a retirement pension in 2017-18 of £51,890 and bank interest of £ 620.His personal allowance for the year is £11,5 00.
ComputeErnest's income tax liability for the ye ar. What difference would it make if Ernest hadreceived dividends of £620 instead of the bank interest?
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In the United Kingdom income tax is calculated processively meaning different amounts of income are taxed at different rates In the 20172018 tax year ...View the full answer
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