Question
Bilal and Sara, a married couple, have a daughter Aiza age 4. Bilal is a civil engineer employed by DubTech Ltd and Sara runs a
Bilal and Sara, a married couple, have a daughter Aiza age 4. Bilal is a civil engineer employed by DubTech Ltd and Sara runs a small business in Birmingham. Sara also owns a property let out unfurnished since April 2019.
Following information relates to the tax year 2019/20:
Sara:
Trading income (taxable) £14,500
Property income (taxable) 9,500
Dividends 2,400
Bank interest 1,000
During the tax year 2019/20, Sara received £8,000 child benefit for her daughter Aiza.
Bilal:
Salary (before deduction of PAYE tax) £57,500
PAYE tax deducted 11,000
Personal pension contribution (net) 3,200
Required:
Calculate the income tax payable by Sara and Bilal for the tax year 2019/20.
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Principles of Accounting
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
12th edition
978-1133603054, 113362698X, 9781285607047, 113360305X, 978-1133626985
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