Joan is single and lives in Dublin. Joan has her own practice as a solicitor.The following details are relevant

for the tax year $2023$:

$1.$Joan prepares her accounts to the $31$st of October $2023.$ Her results were as follows:

$$

Gross Profit $274,964$

Expenses :

Light & Heat $11,565$

Telephone $(1)2,987$

Motor & Travel Expenses $(2)7,984$

Repairs & Renewals $(3)8,270$

Bad Debts $(4)5,021$

Interest on late payment of PAYE $780$

Legal Fees $(5)3,654$

Wages & Salaries $(6)121,654$

Accountancy Fees $1,750$

General Expenses $(7)3,650$

Depreciation $4,300171,615$

Net Profit $103,349$

$2.$ Notes to Joan$$s accounts

Note $1$ : The figure includes $600$ which relates to Joan$$s home. She estimates that $50\%$ of her home

phone bill relates to business calls.

Note $2$ : Motor and travel include expenses in relation to her own car of $5,600.$ The car was bought

in $2018$ and is used approximately $60\%$ of the time for business purposes $($as agreed with

Revenue

Note $3$: Repairs and renewals include a filing cabinet for $570$ which was expensed in error.

Note $4$ : The bad debts charge is made up as follows: $$

Bad Debts written off $1,200$

Bad Debts recovered $(1,820)$

Increase in Specific Provision $7,841$

Reduction in General Provision $(2,200)$

$5,021$

Note $5$: The legal fees are made up as follows: $$

Defending unfair dismissal claim $1,000$

Pursing Bad Debts $1,820$

Acquisition of new premises $834$

$3,654$

Note $6$: Wages and salaries includes a figure of $50,000$ relating to Joan$$s own salary.

$2.$ Notes to Joan$$s accounts $($Continued$)$

Note $7$: General Expenses $$

Entertaining Clients $1,500$

Entertaining Staff $750$

Donation to Fianna Fail $500$

Subscription to Law Review Magazine $500$

Sundry $$ all allowable $400$

$3,650$

$3.$ Joan had the following sources of income in $2023$: $$

Deposit Interest from AIB $($net$)$ Sept $231,000$

Dividends received from Irish Life plc $($net$)3,200$

Rent from Spanish holiday home $8,000$

Rent from an Irish Property $7,000$

Requirement :

Calculate Joan$$s tax liability for $2023$ assuming personal tax credits of $1,775$