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In example 6 of chapter 9. Using the average method, shouldn’t the figure be 500 and not 562 as stated in the answer section?
2% of 25000 is 500 and not 562.. please clarify
Many thanks for letting me know about this – the figure has not been updated from the previous year’s official rate!
I will arrange for the answer to be amended accordingly!
Tax Tutor wrote:In example 6 of chapter 9. Using the average method, shouldn’t the figure be 500 and not 562 as stated in the answer section?
2% of 25000 is 500 and not 562.. please clarify
This error still exists in the online notes despite requesting you to have it amended for FA 2021. Please have somebody earnestly look into it.
Thank you.