20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March 2025 exams.
Get your discount code >>

Income tax computation Example 15

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

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
December 28, 2016 at 6:54 am #364575
liqingkong
Member
- Topics: 1
- Replies: 0
In the answer of Example 15, the net income is above 100000, so why the PA is not adjusted?
Or have I misunderstood something?
Thanks for your help.
January 3, 2017 at 5:51 pm #364947
Tax Tutor
Member
- Topics: 2
- Replies: 3965
Read the course note again – it is the ADJUSTED net income that is compared to the income limit of 100,000 (which computation is clearly shown in the answer and is below 100,000).
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.