2.3 Stephanie has the following income in 2009-10: Income from employment 28,755 Rents received 14,730 Bank

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2.3 Stephanie has the following income in 2009-10:

£

Income from employment 28,755 Rents received 14,730 Bank interest (net) 144 NSB investment account interest, received gross 20 UK dividends 225 Compute the income tax payable by Stephanie for the year (before deducting any tax paid under the PAYE system) assuming that the rents received are not within the "renta-

room" scheme and that Stephanie is entitled to the personal allowance of £6,475.

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Taxation

ISBN: 978-0273730156

15th Edition

Authors: Alan Melville

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