Question
How much more has beeen spent on large cars than executive cars? B: What is the average number of business kilometers travelled each year? C:
B: What is the average number of business kilometers travelled each year?
C: What is the annual tax payment for an employee at the 40% tax rate who does not make a financial contribution forwards an executive car?
vehicle type | new price | number | kms per litre | business kms per car per annum | CO2 Band % |
executive | €29200 | 14 | 14 | 19516 | 27% |
large | €21300 | 24 | 15 | 21290 | 23% |
medium | €16600 | 22 | 17 | 11774 | 21% |
small | €13300 | 26 | 18 | 15161 | 19% |
Annual tax payment = (new price x CO2 band x employee tax rate) - ( employee financial contribution x employee tax rate)
Step by Step Solution
3.49 Rating (159 Votes )
There are 3 Steps involved in it
Step: 1
To calculate how much more has been spent on large cars than executive cars we need to find the total amount spent on each type of car and then calcul...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get StartedRecommended Textbook for
Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
Students also viewed these Accounting questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App