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Kate has the following income and outgoings for 2018/19: Trading profit 38,000 Employment Income 8,000 Bank Deposit Interest (amount received) 3,500 Dividend income (amount received)

Kate has the following income and outgoings for 2018/19:

Trading profit 38,000

Employment Income 8,000

Bank Deposit Interest (amount received) 3,500

Dividend income (amount received) 7,000

PAYE of £505 was deducted from the Employment Income.

REQUIRED

Calculate the amount of income tax payable by Kate for 2018/19.

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