Comments

  1. avatar says

    Hello,

    I have a problem in calculating the Tax liability for the Savings Income. Why on the answer it was split 20,000 each and not subtracting the BR (31,865) for 40,000.

    Thank you so much,

    Isa

    • Profile photo of Ruth says

      Hi Isa

      remember you have to deal with Non-savings income first before savings income. non-savings income of 130,000 is greater than 31,865 & has therefore used up the basic rate (i.e. 31,865).

      maybe go back & watch the 2nd lecture video to see how different rates apply

      hope that helps

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