Question: Question 8 3 pts Andrew has been self-employed as a builder for several years and generated taxable trading profit of 82,000 in the 2020/21

Question 8 3 pts Andrew has been self-employed as a builder for

Question 8 3 pts Andrew has been self-employed as a builder for several years and generated taxable trading profit of 82,000 in the 2020/21 tax year. He has trading losses brought forward of 10,000. His partner Sophie works part time as a mobile dog groomer and has taxable trading profit of 10,560 for the tax year 2020/21. What are the total NICs payable by Andrew and Sophie for the tax year 2020/21? 4,244 4,180 4,698 4,498

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

University Canada West wants to invest in a New Post Graduate Program. The Project under consideration costs $27 Million, has a 9 (eight) years life, and has no salvage value. Depreciation is...

You have started a business of your own. Choose any type oforganization. The chosen organization should be criticallyevaluated in terms of its accounting transactions and itsspecifications based on 1...

I am so lost with all of this and the worst part it is due in an hour and a half. I don't know what to do please help. In this course you will have the opportunity to apply the concepts learned to a...

Question 1: Fill out IRS TAX FORMS THAT ARE HIGHLIGHTED GREEN AND PURPLE. Hi! Thanks so much for taking us on as clients. A little background on us: My spouse, Sydney, and I, just moved to Texas...

Prepare an income tax return (with appropriate schedules) for the Taxpayers for 2019, using the following guidelines and information: The Taxpayers choose to file ajoint income tax return The...

question 3-5 needs help to be answered question 5 country for taxation is MALAYSIA. question 4 needs help. can zoom in. SECTION A: PRACTICAL QUESTIONS TOTAL: 100 MARKS Answer FOUR (4) out of FIVE (5)...

1. What has been the most significant expense category for Qantas that you can observe from the annual report 2020; provide your comment in reference to Case below :- ANTAS ANNUAL REPORT 2020...

A report examine theprovisions and contingencies in two different company, one is Rheinmetall AG aapliesGerman local GAAP, another is GentrackGROUP LIMITED appliesInternational Financial Reporting...

Can anyone help me with this or already have the solution this whole Finance Workbook for Madura Personal Finance, Third Edition by Jeff Madura BUILDING YOUR OWN FINANCIAL PLAN WORKBOOK INDEX Chapter...

Hi, I've talked to you earlier that you know the answers for the Enron case. Is it possible to get this done by afternoon of Wednesday at best. If not I'm also willing to take this on a Friday....

I'm willing to take this before the 19th of may. PROFESSIONAL ISSUES When a company looks too good to be true, it usually is. ; i - I The Rise and Fall of Enron BY C. WILLIAM THOMAS f you''re like...

Species acting as both Bronsted acid and base is (a) (HSO 4 ) (b) Na2CO3 (c) NH3 (d) OH-

I am buying a home for $200,000 with a $50,000 down payment. Financed for 30 years at 6% APR. 1. Create a loan amortization schedule in Excel for constant payment method with 360 periods. (30*12=360)...

3 7 True or False 2 points Members of the U . S . Supreme Court are appointed by Congress with the advice and consent of the President. True False Aug 3 0

Assume the standard deviation of the return on every stock is 40%, and the correlation coefficient between any two stocks is 0.2. The market is perfect and short-selling is not restricted. As for...

Andrew Jackson's actions in the Seminole War were universally celebrated in Congress and throughout the nation eventually resulted in Spain relinquishing Florida ended in an embarassing series of...

You will use the three-stage DDM with a linearly declining growth rate in stage 2 to compute the intrinsic value of Walt Disney stock by employing the information in the picture below: You are...

The Comic Book Publication Group (CBPG) specializes in creating, illustrating, writing, and printing various publications. It is a small but publicly traded corporation. CBPG currently has a capital...

Suppose that you are a retailer, and you would like to design your own Supply Chain to launch a new products in a competitive environment. You will procure such a product from a wholesaler who will...

Which of the following is NOT a correct description of epistemic uncertainty? Module 1 . 3 man - made uncertainties such as bid prices, currency rates, or stock prices. related to chance, dice, or...

Describe three kinds of organizations and the three levels of strategy in them. LO.1

Describe core values, mission, organizational culture, business, and goals. LO.1

Selling cars. Bill sells new cars for a living. On a weekday afternoon, he will deal with 1 customer with probability 0.2, 2 customers with probability 0.5, and 3 customers with probability 0.3. Each...