dividends BPP book PTC practise exam 1
taskey
Registered Posts: 1,800 Beyond epic contributor 🧙♂️
calculate the net income tax payable for 2009/10
their answer
tax on NSI
£24,767 x 20% = 4953.40
tax on DI
£850 x 10% = 85.00
= 5038.40
My problem, i thought we had to then deduct the dividends etc that were done at source, but in the answer book it goes no further than above.
is it because it is under the band limit? stuck and would appreciate knowing why this happens
thanks
Tracy
their answer
tax on NSI
£24,767 x 20% = 4953.40
tax on DI
£850 x 10% = 85.00
= 5038.40
My problem, i thought we had to then deduct the dividends etc that were done at source, but in the answer book it goes no further than above.
is it because it is under the band limit? stuck and would appreciate knowing why this happens
thanks
Tracy
0
Comments
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Hi Taskey
looking at BPP book practice exam 1 and the my question is completely different there is no NSI its for Josua Howie,,which page is the exam on
K0 -
it is on p171 q 1.3, the answer is on p301. the nsi is the figure brought forward from q 1.2
i think it is a mistake in the book as through out the rest of the answers, the dividends are deducted along with and savings interest0 -
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mine is a brand new book, this is frustrating.
what does it say for the answer in your book then? confoosed now
tracy
just checked mine defo says tax on non-savings income 24767 x 20% = 4953.40
sorrY, i thought you mean national saving investment (NSI)
ive have the same answer like your.
sorry0 -
hey, ive just start on this exam, there is no problem wioth the answer tho0
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thanks
i think i will just go with what i know from past papers as that is too ambiguous for me - was panicking thinking "if i cant even get this right....."
Thanks again
Tracy
there are quite a lot errors on the book.
find it quite werid to study PCT today, not sure why, think my mind is still on BTC. LOL0 -
I totally agree with this it does seem a bit odd and BPP get a lot of answers wrong but it might be because
Technically he is due to pay £4953.40 plus £85 for the dividend interest
Since we dont know what he has paid in PAYE we dont know if he has paid any tax yet so maybe thats what they mean he is due to pay this amount
whether he needs to actually pay anything is another matter
I think I might add all this into the exam if I got this question so to be totally anal lol
Its very foxing (or should I say taxing) when you are not sure if the answer is even correct in the first place0
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