Question 3 Jack and Jill are a married couple who live in England. They received the following income in 2019/20: Particulars Jack Jill Salary (before tax deduction) 150,000 96,500 PAYE 57,434 27,654 Dividends 14,654 8,008 Bank Deposit Interest 8,000 650 Building Society Interest 6,800 880 Jack has a qualifying interest paid of 1,000 and also had income from his own private business equals to 8,365 Jill made a gift aid donation of 3,200 in November 2019. They were given child tax benefit of 8000 for their daughter during 2019/2020. Required:Compute the tax payable by Jack and Jill for 2019/20. Additional Information: 21 3 4 5 6 ey WETEVE TU LOK VERTETOrow To Comer 5 ZT ZULU Required:Compute the tax payable by Jack and Jill for 2019/20. Additional Information: TAX RATES AND ALLOWANCES (FA 2019) Income Tax Normal rates Dividend rates Basic rate E1 to 37,500 20% 7.5% 40% Higher rate 37,501 to 150,000 32.5% . Additional rate 150,001 and over 45% 38.1% Savings Income nil rate band - Basic rate taxpayers 1,000 Higher rate taxpayers 500 Dividend nil rate band 2,000 A starting rate of 0% applies to savings income where it falls within the first 5,000 of taxable income. Personal Allowance Remaining Time 52 minutes 20 seconds Question Completion Status 5 Personal AICE 12 500 1.250 Pawance reduced by it for each t2 by which adjusted net income exceeds 100.000 Adivated net income Adjusted et income income-rous mounts of gald donations and personal pension contribution Child Benefit Income To Charge Where the stedet income of the taxpayers betwo0,000 and 60.000, the changes of the amount of child benefit ceived for every 100 of de over 30,000 the taxpayer has justed tie 60,000 be che sequel fall amount of henetit. I had parties have adjusted set inde ince of 50.000, the partner with her and set normes ble for the change Gift Aid Donations & Personal Pension Contributions Amount of donations and personal pension contribution when ne regredo as follows Amount of donation/personal pension contributions paid 100/80 TTTT Paragraph Arla # 312 3. E- T