AAT AQ2022 Level 4 Assessment 1 Task C

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Renne
Renne Registered Posts: 2 New contributor 🐸
in Personal Tax
Hi,

I worked out the answer for the below question £8250, but apparently thats incorrect. I also included my calculations. Could someone kindly suggest where I did wrong and why the answer is £5050?






Many thanks

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  • shamilkaria
    shamilkaria Registered Posts: 70 Regular contributor ⭐
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    Good Morning,

    I hope you are well?

    I hope the following helps you out. Please see the attached file I have done it on Excel. I have added detailed notes too. If it does get confusing do feel free to message back and I will explain it a bit better.

    Many thanks

    Shamil


  • Renne
    Renne Registered Posts: 2 New contributor 🐸
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    Hi Shamil,

    Sorry for the delayed response and I really appreciate your kindness of answering the question.

    It helped me work out the calculations!

    Thanks again!
  • shamilkaria
    shamilkaria Registered Posts: 70 Regular contributor ⭐
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    Hi @Renne

    No worries no need to apologise that is absolutely fine. Glad it helped you out. Hopefully this will assist you to be able to answer other questions.

    Kind regards

    Shamil

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