1) A standard rated supply is made in May 2016 at a price of 340, plus VAT. Calculate the VAT chargeable and the consideration for the supply if:

No discount is offered.

The customer takes up a 2% discount offered for prompt payment.

The customer does not take up the 2% discount offered.

2) Sada owns a freehold house is let out furnished. The property was let throughout the tax year 2018/19 at a monthly rent of 660. During the tax year 2018/19, Sada paid the following:

Council tax 1,400

Insurance 350

Improvements to property 1,500

Advertising for tenants 150

Water rates 1,000

Minor repairs 300

Sada claims the wear and tear allowance.

What is the property business income?