Ernest (who is not a Scottish taxpayer) has a retirement pension in 2021-22 of 57,160 and bank
Question:
Ernest (who is not a Scottish taxpayer) has a retirement pension in 2021-22 of £57,160 and bank interest of £620. His personal allowance for the year is £12,570. Compute Ernest's income tax liability for the year. What difference would it make if Ernest had received dividends of £620 instead of the bank interest?
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Step by Step Answer:
To calculate Ernests income tax liability we first need to tally up his total taxable income and the...View the full answer
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