personal tax
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meibaker
Registered Posts: 481 Dedicated contributor 🦉
a petrol car with a listing price when new of £18,000, and emission rating of 190g/km, sylvia made a capital contribution of £2,000 towards the car, so what's her car benefit?
my answers: 26% x (18,000-2,000), but the answer did not deducted teh capital contribution, so am i misunderstand something here? thanks in advance
my answers: 26% x (18,000-2,000), but the answer did not deducted teh capital contribution, so am i misunderstand something here? thanks in advance
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a petrol car with a listing price when new of £18,000, and emission rating of 190g/km, sylvia made a capital contribution of £2,000 towards the car, so what's her car benefit?
my answers: 26% x (18,000-2,000), but the answer did not deducted teh capital contribution, so am i misunderstand something here? thanks in advance
i would have done that too, unless the contributions are for personal use, then it is taken off after the % (i think lol)0 -
To my knowledge any capital contribution is to be deducted from the benefit calculated:
26% x 18,000 = 4,680
4,680-2,000 = 2,680
Does this tie in with the answer supplied?0 -
To my knowledge any capital contribution is to be deducted from the benefit calculated:
26% x 18,000 = 4,680
4,680-2,000 = 2,680
Does this tie in with the answer supplied?
no, the answer did not deduct the £2,000 at all!
maybe the answers i've have is a old version?? oh by the way, the question is from osborne book 2009/10, half exam 1
does anyone has the latest exams answers for osborne book??0 -
Salary per P60 40,000
Car benefit
(£18,000-£2,000) x 26% 4,160
Fuel Benefit
£16,900 x 26% * 4,394
Holiday Vouchers 850
* Contribution towards private fuel has no effect unless all is paid for.
Employment Income 49,404
Above is the answer0 -
Salary per P60 40,000
Car benefit
(£18,000-£2,000) x 26% 4,160
Fuel Benefit
£16,900 x 26% * 4,394
Holiday Vouchers 850
* Contribution towards private fuel has no effect unless all is paid for.
Employment Income 49,404
Above is the answer
thanks so much, so the answers i've have is wrong then! i thought so!
where did you get all your answers from? could you mind send me a copy please0 -
