In 2017-18, Raj has dividend income of 58,400. He has no other income. He makes a qualifying
Question:
In 2017-18, Raj has dividend income of £58,400. He has no other income. He makes a qualifying Gift Aid donation of £ 440 during the year. Show his 2017-18 income tax computation.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
For the tax year 20172018 in the UK the taxfree personal allowance was 11500 The basic tax rate of 2...View the full answer
Answered By
Simon kingori
I am a tier-one market researcher and content developer who has been in this field for the last six years. I’ve run the freelancing gamut; from market research, data mining and SEO/SMM to copywriting, Content Development, you name it, I’ve done it. I’m extremely motivated, organized and disciplined – you have to be to work from home. My experience in Freelancing is invaluable- but what makes me a cut above the rest is my passion to deliver quality results to all my clients- it’s important to note, I've never had a dissatisfied client. Backed by a Masters degree in Computer Science from MOI university, I have the required skill set and burning passion and desire to deliver the best results for my clients. This is the reason why I am a cut above the rest. Having taken a Bsc. in computer science and statistics, I deal with all round fields in the IT category. It is a field i enjoy working in as it is dynamic and new things present themselves every day for research and exploration.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
In 2021-22, Raj has dividend income of 63,670. He has no other income. He makes a qualifying Gift Aid donation of 440 during the year. Show his 2021-22 income tax computation.
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
A taxpayer with no capital gains tax liability makes a qualifying Gift Aid donation of 960 in tax year 2017-18. Explain: (a) why this donation is worth more than 960 to the charity which receives it...
-
a. Find the nth-order Taylor polynomials for the given function centered at the given point a, for n = 0, 1, and 2.b. Graph the Taylor polynomials and the function. f(x)=x, a = 9
-
Gentiobiose has the molecular formula C12H22O11 and has been isolated from gentian root and by hydrolysis of amygdalin. Gentiobiose exists in two different forms, one melting at 86C and the other at...
-
In 1990 General Motors recorded a $2.1 billion special charge to cover plant closings. In fact, the companys chief financial officer commented in The Wall Street Journal (November 11, 1990) that the...
-
E12.1. Analyzing a Change In Core Operating Profitability (Easy) The following numbers were calculated from the financial statements for a firm for 2009 and 2008: 2009 2008 Core profit margin Asset...
-
In your community, sonic employers maintain stable workforces at all costs, and others furlough and recall workers seemingly at the drop of a hat. What are the differences in markets, management,...
-
The following information is available for Seamons Capital. Solve for the missing amounts
-
Matthew (who was born on 1 May 1934) dies on 23 December 2017. His only income in tax year 2017 -18 is a retirement pension of 2 9,260. H e made a Gift Aid donation of 200 in July 2017. His wife has...
-
At what rate of income tax is each of the following types of payment relieved in tax year 2017-18? (a) interest on a qualifying home loan used to buy an annuity (b) interest on a loan used to buy an...
-
Stock can be issued for all except which of the following? A. Accounts payable B. State income tax payments C. Property such as a delivery truck D. Services provided to the corporation such as legal...
-
A carload of Hg-ore containing grains of cinnabar (86%Hg by mass; density = 8.19 g/cm3) and grains of basalt (containing no Hg; density=2.84 g/cm3) is to be sampled and analyzed for mercury. The...
-
CMS reviews acute IPPS and long-term care hospital (LTCH) records for payment purposes. Documentation and coding assignment must be accurate and specific. CMS contracts with Medicare Administrative...
-
Problem 2. x3+2x+1 f(x) = = 5-x 8H xx (4 points) Without graphing the function, find the limits lim f(x) and lim f(x) analyt- ically and show your work. Specify if the limits are - or +. (1 point)...
-
For change management, answer the following questions in detail, citing some industry examples: 1. What would you do if your manager requested you change your way of working on a project? 2. What do...
-
1.Sony has just released a new CD recording (okay, not new because we don't buy CDS) but anyway.Here is some cost and price information: CD Disc and Packaging (material and labor) $1.75/CD...
-
A* and define in Exercise 15, and show that (and hence A*) is a -field.
-
From 1970 to 1990, Sri Lanka's population grew by approximately 2.2 million persons every five years. The population in 1970 was 12.2 million people.What is the best formula for P, Sri Lanka's...
-
The statements of financial position of M Ltd, P Ltd and Q Ltd as at 31 July 2018 are as follows: The following information is available: (a) On 31 July 2015, M Ltd paid ?410,000 to acquire 90% of...
-
On 30 September 2014, K Ltd paid ?140,000 to acquire 40% of the share capital of L Ltd (which became its associate). Draft financial statements for these two companies for the year to 30 September...
-
The following information relates to Z plc: (a) Alan owns 27% of the ordinary shares of Z plc. Elaine is his wife. (b) Z plc owns 60% of the ordinary shares of Y plc. (c) Z plc owns 15% of the...
-
7 . 4 3 Buy - side vs . sell - side analysts' earnings forecasts. Refer to the Financial Analysts Journal ( July / August 2 0 0 8 ) study of earnings forecasts of buy - side and sell - side analysts,...
-
Bond P is a premium bond with a coupon of 8.6 percent , a YTM of 7.35 percent, and 15 years to maturity. Bond D is a discount bond with a coupon of 8.6 percent, a YTM of 10.35 percent, and also 15...
-
QUESTION 2 (25 MARKS) The draft financial statements of Sirius Bhd, Vega Bhd, Rigel Bhd and Capella for the year ended 31 December 2018 are as follows: Statement of Profit or Loss for the year ended...
Study smarter with the SolutionInn App