-employed, and for the tax year 2021-22 had a trading profit of £47,500. He has brought forward trading losses of £8,900. hat are the total national insurance contributions payablo hu Falan
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- Faisal is self-employed, and for the tax year 2021-22 had a trading profit of £47,500. He has brought forward trading losses of £8,000 What are the total national insurance contributions payable by Faisal for the tax year 2021-227Mikhail Rivers is a self-employed corporate tax consultant. Mikhail’s business, Rivers’s Tax Consultancy, prepares financial statements to an accounting date of 31 March each year. During the year ended 31 March 2021, Mikhail’s tax adjusted trading profit was £34,120. What is the total amount of National Insurance contributions payable by Mikhail for the contribution period 2020/21? A. £158.60 B. £3,070.80 C. £2,374.40 D. £0. Mikhail will not be required to make any National Insurance contributions7) In 2021-22, Steven (who is not a Scottish taxpayer) has business profits of £45,250, bank interest of £1,765 and dividends of £10,000. He claims the personal allowance of £12,570. Required: What is his income tax liability for the year?
- Jamila received Employment Income of £29,000 and bank interest of £3,000 during the tax year 2020/21. Calculate Jamila's income tax liability for the tax year 2020/21.Gary's income for the tax year 2022/23 comprises a salary of £140,000 and dividends of £20,000. He is not entitled to a personal allowance. How will his dividends be taxed? O a. £2,000 at 0% and £8,000 at 33.75% and £10,000 at 39.35% O b. All at 39.35% O c. £10,000 at 33.75% and £10,000 at 39.35% O d. £2,000 at 0% and £10,000 at 33.75% and £8,000 at 39.35%Jongwe has total income of £115,315 for 2021/22. He made occupational pension contribution of £4,000 (gross). His personal allowance for 2021/22 will be: £12,570 £0 £6,912.50 4912.50
- Leonard is employed and received a gross salary of £3,452 per month during tax year 2021-22. He also has a small business and paid 52 Class 2 NICs for the year. His trading income for 2021-22 was £12,160. Calculate the refund of NICs due to Leonard for the year (if any).For the tax year 2023/24 Jane has employment income of £47,570, savings income of £1758 and dividends of £3588. What is her tax liability for the year? Enter a whole number, without the £ sign, in the response box.Mr. Roly received savings income of £7,500 and dividend income of £17,500 during 2019-20. He had an employment income of £22,500. How much is his total tax liability for the tax year 2019/20? a. £ 4,462.5 b. £ 4,812.5 C. £ 4,612.5 O d. £ 4,662.5
- Edward Bridgewater has adjusted net income of £101,300 for the tax year 2020/21. Edward is 29 years old and is married to Rahma Bridgewater. Rahma is 30 years old; her adjusted net income for the tax year 2020/21 was £119,200. What is Edward Bridgewater’s personal allowance for the tax year 2020/21? £11,850 £13,150 £0 £11,200Accounting Gary wants you to calculate his personal income tax liability. He is a tax resident of Australia. During the year ended 30 June 2022 he received the following: Gross salary and wages of $138,000. His employer deducted from his salary PAYGW tax of $22,523. Interest income of $678 from the ANZ Bank Interest of $32 from the BNZ Bank in New Zealand. The $32 is after the New Zealnd Tax Authorities deducted withholding tax of $5.2O. A dividend of $156 from Rio Tinto. He also spent $250 on text books for his work as an IT engineer. He does not have private hospital cover. Required: Calculate his taxable income and his total tax payable for the year ended 30 June 2022.Marco Leopizzi earns £45,000 in tax year 2021-22. He also received bonus of £20,000 in a year, house allowance £10,000, conveyance allowance £2,000. His income from property is £20,000 His spouse was born before 6 April 1935. He takes the advantage of married couple allowance (MCA) and is also eligible for marriage allowance. Keeping in view above set of information, please calculate his amount of tax paid for year 2021-2022.