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Practice # 3 Ricardo has furnished his income detail for the tax year 2019/20 as below:- (a) Trading income 92000 (b) Bank deposit interest of
Practice # 3 Ricardo has furnished his income detail for the tax year 2019/20 as below:- (a) Trading income 92000 (b) Bank deposit interest of 10000 (c) Interest on exchequer deposit 4000 (d) Premium bond winnings 2000 (e) Dividend outside of ISA 12000 Practice # 4 Gordon Lamont received dividend income of 1500 and building society interest of 375 in the tax year 2019/20. He also has taxable trading income of 15500. Requirement: Calculate Gordon's tax repayable for the year 2019/20. Practice # 3 Ricardo has furnished his income detail for the tax year 2019/20 as below:- (a) Trading income 92000 (b) Bank deposit interest of 10000 (c) Interest on exchequer deposit 4000 (d) Premium bond winnings 2000 (e) Dividend outside of ISA 12000 Practice # 4 Gordon Lamont received dividend income of 1500 and building society interest of 375 in the tax year 2019/20. He also has taxable trading income of 15500. Requirement: Calculate Gordon's tax repayable for the year 2019/20
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