Chap 2 answer 9 Income tax computationForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Chap 2 answer 9 Income tax computationThis topic has 3 replies, 2 voices, and was last updated 8 years ago by Tax Tutor.Viewing 4 posts - 1 through 4 (of 4 total)AuthorPosts June 7, 2017 at 12:27 pm #391300 aungmyintMemberTopics: 1Replies: 1☆There appears to be an error in calculating Savings and Dividend income. Please have a look at the answer June 7, 2017 at 4:34 pm #391375 Tax TutorMemberTopics: 2Replies: 3965☆☆☆☆☆Thank you it is just a typing update error on the total tax figure as far as I am aware June 7, 2017 at 6:16 pm #391511 aungmyintMemberTopics: 1Replies: 1☆Looking at savings income am I correct in yr calculation £20000 @20% comes from non savings £130k +Savings £40k= £170 k “taxable income”From tax table £32001-£150K @40% on £20000 ?Above £150 k @45% on £20000?Thank You June 8, 2017 at 2:27 am #391662 Tax TutorMemberTopics: 2Replies: 3965☆☆☆☆☆It is as the answer shows that non savings income is taxed first (130,000), and savings income is taxed next – so with 20,000 of the higher rate band remaining (150 – 130) 20,000 is taxed at 40% and the remaining 20,000 is taxed at 45%AuthorPostsViewing 4 posts - 1 through 4 (of 4 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In