Practice question 2
Jeremy has trading income of in 2009/10. In addition he received bank interest of £800 and dividend income of £1800
Required
Calculate his income tax payable for 2009/10.
Practice question 3
Tony has earnings from his employment of £37000, from which PAYE of £6105 was deducted.
He owns two let properties showing a total profit for the year of £3000.
His investment income comprises of dividends from UK companies of £3600 and building society interest of £800.
Required
Calculate his income tax payable for 2009/10.
Practice question 4
John and Fiona have shared a house in Wiesteria avenue since the date of their marriage. John and Fiona were married in 2004. In 2009/10 they had the following income.
| | John £ | Fiona £ |
| Salary (gross) Tax under PAYE Building society interest received Bank interest received Bank interest from an ISA | 39224 6380 2000 320 ----- | 4650 Nil 1440 ----- 200 |
Required
Compute income tax payable or repayable to John and Fiona in respect of 2009/10.
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