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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Chapter 1- Calculation Of Income Tax Liability – Example 6 Notes
Saving Income is $12,000 however only liability for $7,000 is taken. May I know the reason sir?
I am talking about the Example 6 for the Income Tax Calculation – Can you please answer??
I presume you actually mean chapter 2 example 7 as that has 12,000 savings income?
If you look properly at the answer you will see that 12,000 is indeed taxed in 3 parts at 0%, 20% and 40%
If this is not the example you mean then do please correct me