Paul has the following income and outgoings for 2020/21: Employment income 1,000 Trading income 20,000 Bank interest 40,000 Dividend income 35,000 Qualifying interest (amount paid) 1,000 Gift aid (amount paid) 1,600 PAYE of 48,520 was deducted from employment income. Required: Calculate the amount of income tax payable by Paul for 2020/21 (12 marks) " B I U X XPS 7