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Proforma Questions

The document provides multiple examples of income types and amounts, including trading, employment, property, interest, and dividend incomes. Each example requires the calculation of tax liability based on the provided income figures. The examples illustrate different income combinations and their respective tax implications.

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5 views3 pages

Proforma Questions

The document provides multiple examples of income types and amounts, including trading, employment, property, interest, and dividend incomes. Each example requires the calculation of tax liability based on the provided income figures. The examples illustrate different income combinations and their respective tax implications.

Uploaded by

behzaadag
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Example: 1

 Trading Income : £22,000


 Employment Income: £20,000

 Property Income: £15,000

 Interest Income: £12,000

 Dividend Income: £10,000

 Qualifying Interest: £3,000

Required: Calculate the tax liability.

Example: 2
 Trading Income: £35,000

 Property Income: £25,000

 Employment Income:£40,000

 Interest Income: £18,000

 Dividend Income: £12,000

 Qualifying Interest: £9,000

Required: Calculate the simple tax liability.

Example 3:

 Trading Income : £50,000

 Property Income: £35,000

 Employment Income: £45,000

 Interest Income: £10,000

 Dividend Income: £7,000

Required: Calculate the tax liability


Example 4:
 Trading Income: £55,000

 Property Income: £25,000

 Employment Income: £45,000

 Interest Income: £21,000

 Dividend Income: £23,000

Required: Calculate the tax liability.

Example 5:
 Trading Income: £60,000

 Property Income: £55,000

 Employment Income:£35,000

 Interest Income: £40,000

 Dividend Income: £38,000

Required: Calculate the tax liability.

Example 6:
 Employment Income: £7,000

 Dividend Income: £35,000

 Interest Income: £40,000

Required: Calculate the tax liability.

Example: 7
The taxable income are as follows:
 Non – Saving £1500
 Saving £30,000
 Dividend £25,000

Required: Calculate the tax liability

Example: 8
The taxable income are as follows:
 Non – Saving: £2,200
 Saving: £39,000
 Dividend: £45,000
Required: Calculate the tax liability.

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