Kate has the following income and outgoings for 2018/19: Trading profit 38,000 Employment Income 8,000 Bank Deposit

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Kate has the following income and outgoings for 2018/19:

Trading profit 38,000

Employment Income 8,000

Bank Deposit Interest (amount received) 3,500

Dividend income (amount received) 7,000

PAYE of £505 was deducted from the Employment Income.

REQUIRED

Calculate the amount of income tax payable by Kate for 2018/19.

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Jul 21, 2022 09:28 PM

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Kate has the following income and outgoings for 2018/19: Trading profit 38,000 Employment Income 8,000 Bank Deposit

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Calculations are as follow Total Taxes Non Savings Di... View the full answer

Income Tax Fundamentals 2013

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