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bleedingBishop
bleedingBishop Registered Posts: 5 Regular contributor ⭐
in AAT Level 4 (Level 8 in Scotland)
can anyone fill in some blanks for me please? im doing some questions ready for exam 2moro and this one im stuck on... i got the first 3 correct but they didnt give the correct answers for the rest :confused1:

Antony has employment income of £24000 and dividends of £108. Calc his income tac payable using the table below.

Tax on employment income 3505
Tax on Divs 12
Total income tax liability 3517
Tax deducted at source ????
Total income tax payable ????

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  • uknitty
    uknitty Registered Posts: 591 Epic contributor 🐘
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    The question is asking to know how much tax does Anthony have to pay at the end of the year.

    I'm assuming that "employment income" means he paid PAYE ( I actually calculate the liability as 3305 based on a tax code of 747L) and as standard the dividends would have had 10% tax deducted at source. So the total deducted at source = 3317 and amount due is nil.
  • bleedingBishop
    bleedingBishop Registered Posts: 5 Regular contributor ⭐
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    thanks for the reply
    FA10 so its 6475
    my answer was... deducted at source 3517 and nil amount due but both were wrong!?

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