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Phillip starts trading on 1 June 2015 and ceases trading on 31 July 2020. He had adjusted trading profits as follows: 1 June 2015 to
Phillip starts trading on 1 June 2015 and ceases trading on 31 July 2020. He had adjusted trading profits as follows:
1 June 2015 to 30 September 2016 28,800
Year to 30 September 2017 19,900
Year to 30 September 2018 14,300
Year to 30 September 2019 13,800
1 October 2019 to 31 July 2020 11,100
Required:
Compute Phillips trading income for all tax years.
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