1. Jamal received a salary of £47,000 (PAYE deducted in year £5,000) and £10,000 deposits interest in the bank for the tax year.

What is tax payable for the year?

2. Ragad uses her own vehicle to complete in the company. During the taxable year she derived 100,000 km and the company paid for her £0.70 per km.

Instruction: Calculate the total Allowable deduction in her income for the tax year, if the statutory approved allowance as the following:

3. 0km-10,000km £0.20
4. 10,001km – 15,000km £0.37
5. 15,001km – 25,000km £0.50
6. 25,001km and more £0.8

Answer rating: 100% (QA)

a Non savings Savings Payee Employee income 47000 5000 Bank interest 10000 Net income 47000 10000 L... View the full answer