Said uses his own car for business travel. During 2019/20, Said drove 10,000 miles while performing of his duties. Said employer paid him 20p a mile. Which one of the following is allowable deduction from Said's employment income as per the UK tax laws? O a. £4,500 O b. None of the options O c. £2,500 O d. £2,000

Said uses his own car for business travel. During 2019/20, Said drove 10,000 miles while performing of his duties. Said employer paid him 20p a mile. Which one of the following is allowable deduction from Said's employment income as per the UK tax laws? O a. £4,500 O b. None of the options O c. £2,500 O d. £2,000

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter7: Tax Credits

Section: Chapter Questions

Problem 15MCQ

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7-Ahmed uses his own car for business travel. During 2019/20, Ahmed drove £20,000 miles while performing of his duties. Ahmed's employer paid him 35p a mile. Which one of the following is Ahmed's taxable benefit from mileage allowance as per the UK tax laws? a. £2,500 b. £7,000 c. £4,500 d. None of the options
5-Asila uses her own car for business travel. During 2019/20, Asila drove 20,000 miles while performing of her duties. Asila's employer paid her 50p a mile. Which one of the following is Asila's taxable benefit from mileage allowance as per the UK tax laws? O a. None of the options O b. £3,000 c. £10,000 O d. £4,500
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