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Gareth tax payable MCQ

This topic has 1 reply, 2 voices, and was last updated 8 years ago by kamol.

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November 27, 2015 at 3:51 am #285610
Kamila
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- Topics: 16
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Gareths tax payable for 2013/14 and 2014/2015
2013/14 2014/15
income tax 10,000 12,500
Class 2 NIC 140 143
Class 4 NIC 2000 2500
Capital gain tax 1000 2000
He always pays the correct amt of tax on each due date .
What is the amount payable to HMRC on Jan 31st in respect of tax year 2014/15 ?
A. 5000
B.4500
C.4003
D.4000
Correct answer is 5000 ..
Can anyone please explain how we arrive at the above answer ..thanks
November 28, 2015 at 9:25 am #285872
kamol
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- Replies: 1
10000+2000=12000, 6000 tax will be paid 31 January 2015 ,6000 will be paid 31 July 2015 and and bln will paid 31 January 2016 remaining bln income tax +class 4 NIC + also CGT
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