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Answer to example 2 in Chapter 11

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Answer to example 2 in Chapter 11

  • This topic has 1 reply, 2 voices, and was last updated 2 years ago by JillyB.
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  • August 17, 2023 at 12:01 am #690061
    Somtee
    Participant
    • Topics: 18
    • Replies: 6
    • ☆

    Hello Jill. Thanks for the lectures.

    Kindly check out the answer to example 2 in Chapter 11 in the notes. You used 3.25% to calculate the Class 4 liability in the answer whereas you were supposed to use 2% as detailed in the lecture note itself.

    August 18, 2023 at 5:52 pm #690179
    JillyB
    Keymaster
    • Topics: 0
    • Replies: 899
    • ☆☆☆☆

    If you check with the tax rates at the front of the manual you will find the rates are 10.25% and 3.25%

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