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Ibrahim and Sara Ibrahim and Sara are a couple; they received the following incomes in 2019/20. Ibrahim Saral 160,000 300,000 Salary (before tax deduction) PAYE
Ibrahim and Sara Ibrahim and Sara are a couple; they received the following incomes in 2019/20. Ibrahim Saral 160,000 300,000 Salary (before tax deduction) PAYE tax deducted 60,000 70,000 Dividends 12,000 15,000 7,000 300 8,000 1,200 Bank deposit interest Building society interest Sara made a gift aid donation of 6,000. Sara received child benefit amounting to 2,501. Required: (a) Compute Ibrahim's Tax Payable. (2 Marks) (b) Compute Sara's Tax Payable. (2 Marks) (C) Explain the tax implications of non-job-related accommodation. (1 Mark) Preferred: Prepare your comptational answers in an Excel worksheet and upload as directed here. Prepare the answer to part (C) in Word and upload as directed. Ibrahim and Sara Ibrahim and Sara are a couple; they received the following incomes in 2019/20. Ibrahim Saral 160,000 300,000 Salary (before tax deduction) PAYE tax deducted 60,000 70,000 Dividends 12,000 15,000 7,000 300 8,000 1,200 Bank deposit interest Building society interest Sara made a gift aid donation of 6,000. Sara received child benefit amounting to 2,501. Required: (a) Compute Ibrahim's Tax Payable. (2 Marks) (b) Compute Sara's Tax Payable. (2 Marks) (C) Explain the tax implications of non-job-related accommodation. (1 Mark) Preferred: Prepare your comptational answers in an Excel worksheet and upload as directed here. Prepare the answer to part (C) in Word and upload as directed
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