Question
C Dave and Paula are a married couple with 3 school going children. Dave works as an IT Manager with a large Consultancy firm
C Dave and Paula are a married couple with 3 school going children. Dave works as an IT Manager with a large Consultancy firm in Dublin City. His salary for 2022 is 130,000 with 25,000 PAYE withheld. Dave is 46 years old and contributes 2,500 each month to a Revenue approved pension fund. He received 900 (Net) dividends from an Irish Co. and Dirt of 1,675 (Net). His company provided car cost 30,000 OMV 42,000. His total travel was 38,000 kn for the year of which 12,000 km was for personal use. Paula retired from her position as a hair stylist to devote her time to their three children. She now only works part time every Saturday in her sister's hair salon earning 5,500 in 2022. Their family medical expenses in 2022 were 2,860. Details: Doctors 420, Glasses 300, Dentist (Routine) 460, Prescriptions 480 and Consultants 1,200. Their health care provider paid 460 of the costs. REQUIRED Prepare Dave and Paula's 2022 income tax computation
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started