Calculate the MCA available for 2017-18 in the following situations: Husband (a) Born 5 July 1938, income
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Calculate the MCA available for 2017-18 in the following situations:
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Husband (a) Born 5 July 1938, income 19,100 (b) Born 3 May 1933, income 28,110 (c) Born 4 June 1934, income 39,480 (d) Born 16 November 1939, income nil Wife Born 1 March 1935, income 12,450. Born 7 September 1938, income nil. Born 8 October 1939, income 13,950. Born 9 July 1934, income 49,300. In each case, MCA is claimed and the stated income figure is the adjusted net income. All of the couples were married before 5 December 2005 and none of them have elected that MCA should be claimed by the spouse with the higher net income.
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a The husband is entitled to an MCA of 8445 because his wife was born before 6 April 1935 The MCA i...View the full answer
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