a. Basma and Badriya each have total income of £47,845 non which is savings or dividend income. Badriya makes a payment of £2,000 to a charity under the gift aid scheme. Calculate the Income Tax Payable by Basma and Badriya for the year 2018/19.

b. Saif has the following income and outgoings for the tax year 2018/19. Trading Income £12,465 Employment Income £13,000 Premium Bond Winnings £2,000 She made the following payments during the tax year 2018/19. 

• Interest payments during the year totaling £2,000 on his mortgage for his principal private residence.

• Interest payments of £2,000 on a loan to invest on a partnership in which he is a partner. 

Calculate the Income Tax Payable by Saif for the year 2018/19.

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a The New Income Tax Rates Brackets for 201819 were Tax Rate Band Taxable Income Tax Rate Personal A... View the full answer