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Peter is a 40-year-old advertising executive. He earned a salary 98,000 employment income - during the year ended 5 April 2021 (26,700 in PAYE was

  1. Peter is a 40-year-old advertising executive. He earned a salary 98,000 employment income - during the year ended 5 April 2021 (26,700 in PAYE was deducted from this). His other income for the year consisted of: dividends received 6,000, net interest received from an unquoted company 4,000. He made net payments of 3,200 to a registered charity under the gift aid provisions.

Calculate the income tax payable by Peter for the year ended 5 April 2021. (10 Marks)

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