BTX- one of those days CAPS
I do not understand why the first box is wrong i get 5 months taking me up to 5th April = $29,250/12*5 = 12,187.50? The answer is $14625 which is 6 months ? (have i gone mad)
The second one 11/12 has the period august 11 which falls into this tax year , although because it is shorter then 12 months you have to tax the whole first tax year of business so $29,250 + 2 months of the next period which is $9360 = 38610 (which is the answer) . But is my trail of though to get to the answer on the right lines?