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Chapter 2 Example 13

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Chapter 2 Example 13

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by JillyB.
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  • January 29, 2025 at 4:53 am #715038
    ammodilim
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    • Topics: 1
    • Replies: 0
    • ☆

    While calculating the tax Liability for Savings income, why was the starting rate not used since the savings income was less than 5000

    January 30, 2025 at 4:43 pm #715073
    JillyB
    Keymaster
    • Topics: 0
    • Replies: 899
    • ☆☆☆☆

    Becasue the savings income didn’t fall in the first 5000 of taxable income

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