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calculate lauras taxable income Laura was employed by Far plc until 30 September 2020 when she decided to take a career break. The following information

calculate lauras taxable income
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Laura was employed by Far plc until 30 September 2020 when she decided to take a career break. The following information is available for the tax year 2020/21: Employment with Far plc (i) A monthly salary of 12,000. In addition to her salary, on 12 May 2020 Laura was paid a profit related bonus of 12,103. The bonus was based on Far plc's results for the year end 31 December 2019. (ii) In July 2020 Laura was given a bouquet of flowers by Far plc on the occasion of her marriage. The cost of the bouquet to Far plc was 48. (iii) On 1 May 2020 Far plc provided Laura with an interest free loan of 50,000 which she used to purchase an antique vase. Laura repaid 10,000 of the loan on 30 June 2020 and repaid the balance of the loan when she ceased employment on 30 September 2020. (iv) Far plc provided Laura with a home entertainment system for her personal use costing 6,000 on 6 April 2020. The company gave the home entertainment system to Laura for free when she left the company on 30 September 2020 , although its market value at that time was 4,500. (v) Laura contributed 5% of her monthly gross salary of 12,000 into Far plc's HM Revenue \& Customs (HMRC) registered occupational pension scheme. (vi) Far plc paid 22,300 PAYE for 2020/21 in relation to Laura's employment. Other information During the tax year 2020/21 Laura received building society interest of 2,850 and dividends of 4,100. Required Laura was employed by Far plc until 30 September 2020 when she decided to take a career break. The following information is available for the tax year 2020/21: Employment with Far plc (i) A monthly salary of 12,000. In addition to her salary, on 12 May 2020 Laura was paid a profit related bonus of 12,103. The bonus was based on Far plc's results for the year end 31 December 2019. (ii) In July 2020 Laura was given a bouquet of flowers by Far plc on the occasion of her marriage. The cost of the bouquet to Far plc was 48. (iii) On 1 May 2020 Far plc provided Laura with an interest free loan of 50,000 which she used to purchase an antique vase. Laura repaid 10,000 of the loan on 30 June 2020 and repaid the balance of the loan when she ceased employment on 30 September 2020. (iv) Far plc provided Laura with a home entertainment system for her personal use costing 6,000 on 6 April 2020. The company gave the home entertainment system to Laura for free when she left the company on 30 September 2020 , although its market value at that time was 4,500. (v) Laura contributed 5% of her monthly gross salary of 12,000 into Far plc's HM Revenue \& Customs (HMRC) registered occupational pension scheme. (vi) Far plc paid 22,300 PAYE for 2020/21 in relation to Laura's employment. Other information During the tax year 2020/21 Laura received building society interest of 2,850 and dividends of 4,100. Required

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