Pamela's salary in 2020-21 is 105,000. She has no other income. (a) Calculate her income tax liability

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Pamela's salary in 2020-21 is £105,000. She has no other income.

(a) Calculate her income tax liability for 2020-21.

(b) Re-calculate her income tax liability as it would have been if her salary for the year had been £25,000 higher.

(c) Explain how the difference between these two tax liabilities arises.

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Taxation Finance Act 2020

ISBN: 9781292360713

26th Edition

Authors: Alan Melville

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Question Posted: Feb 10, 2024 01:02 AM

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Pamela's salary in 2020-21 is 105,000. She has no other income. (a) Calculate her income tax liability

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a PA is 1250012 x 5000 10000 Taxable income is 95000 10500010000 so ...View the full answer

Taxation Finance Act 2020

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