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Hello Sir,
In the solution for this question on page 227 of the notes, the calculation for the tax liability for the Savings part shows:
830 @ 20% = 166
2670 @ 40% = 534However, 40% of 2670 is 1068.
Please advise.
Thank you!
Hi Job
Many thanks for spotting this calculation error – clearly the calculation is wrong and should have been at 40% (as stated) and not at 20% as appears in the answer!
We will have that added to the errata sheet – keep up the good work!
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