Calculate the personal savings allowance available in 2023-24 to a taxpayer with taxable income for the year
Question:
Calculate the personal savings allowance available in 2023-24 to a taxpayer with taxable income for the year (i.e. net income less any available personal allowance) of:
(a) £20,000
(b) £37,701
(c) £63,000
(d) £375,000 Assume that there are no Gift Aid donations or pension contributions during the year.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
a Taxable income does not exceed 37700 therefore the PSA is 1000 b T...View the full answer
Answered By
Parvesh Kumar
I am an experienced Mathematics and Statistics tutor with 10 years of experience teaching students and working professionals. I love teaching students who are passionate to learn subjects or wants to understand any mathematics and statistics concept at graduation or master’s level. I have worked with thousands of students in my teaching career. I have helped students deal with difficult topics and subjects like Calculus, Algebra, Discrete Mathematics, Complex analysis, Graph theory, Hypothesis testing, Probability, Statistical Inference and more. After learning from me, students have found Mathematics and Statistics not dull but a fun subject. I can handle almost all curriculum of mathematics. I did B.Sc (mathematics), M.Sc (mathematics), M.Tech (IT) and am also Gate (CS) qualified. I have worked in various college and school and also provided online tutoring to American and Canadian students. I look forward to discussing with you and make learning a meaningful and purposeful
4+ Reviews
10+ Question Solved
Related Book For 
Question Posted:
