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1. 2. Jasper Ltd is a retailer and has the following transactions in the quarter ended 31 March 2022: Supplies made (excluding VAT) -

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1. 2. Jasper Ltd is a retailer and has the following transactions in the quarter ended 31 March 2022: Supplies made (excluding VAT) - Standard rated 345,000 56,000 124,000 - Zero rated - Exempt Input Tax paid, attributable to: 31,000 9,000 20,000 12,000 - Standard rated supplies -Zero rated supplies - Exempt supplies - Unattributable How much input tax can Jasper Ltd recover for the quarter ended 31 March 2022? A. 40,000 B. 49,240 C. 52,000 D. 72,000 Xinyi Tannahill has adjusted net income of 114,700 for the tax year 2021/22. Xinyi is 28 years old and is married to Matthew Tannahill. Matthew is 30 years old; his adjusted net income for the tax year 2021/22 is 125,150. What is Xinyi Tannehill's personal allowance for the tax year 2021/22? ABCD A. B. C. D. 12,570 5,220 0 7,350 3. Valentina Blackstock died on 24th January 2022, leaving an estate valued at 800,000. Her will leaves her main residence, valued at 200,000, to her son and the remainder of her estate to her daughter. She never made any lifetime gifts and never married. How much inheritance tax is due on Valentina's estate? A. 120,000 B. 190,000 ABCD C. 250,000 D. 320,000

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