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In the tax year 2020/2021, Elsa had the following income: Employment income 95,075 Property income 31,300 Bank interest 26,425 Dividends from
In the tax year 2020/2021, Elsa had the following income:
• Employment income £95,075
• Property income £31,300
• Bank interest £26,425
• Dividends from UK companies £17,000
Determine Elsa's income tax liability for 2020/2021.
• Employment income £95,075
• Property income £31,300
• Bank interest £26,425
• Dividends from UK companies £17,000
Determine Elsa's income tax liability for 2020/2021.
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Step: 1
To determine Elsas income tax liability for the tax year 20202021 in the UK we need to calculate her total taxable income and then apply the appropria...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
