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1. Mr. Darcy is managing director of the Pemberley Trading Co Ltd. He is paid an annual salary of 36000 and also bonuses based
1. Mr. Darcy is managing director of the Pemberley Trading Co Ltd. He is paid an annual salary of 36000 and also bonuses based on the company's performance. Pemberley Trading Co Ltd accounting year ends on 31 December each year and the bonuses are normally determined and paid on 31 May thereafter. In recent years bonuses have been: Year to 31 December 2020 Year to 31 December 2021 Year to 31 December 2022 4000 8000 4000 Mr. Darcy has the use of company car for private use. It was purchased in 2019, at the list price of 20000. Running expenses, including diesel paid by the company, were 2600 in the year. The car hasCO2emission of 180 g/km. Requirement: Compute Mr. Darcy's income tax liability for the tax year 2021/22.
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