Employment Income

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July 18, 2016 at 5:53 pm #327276
4tcube
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Thank you for the tutorials, Practice question 19 (Renner). The question pointed out that 3.25% should be used as the official rate but in the solution 3% was used (living accommodation and loan benefit). Please I need you to shed more light on it.
July 20, 2016 at 6:32 am #327877
Tax Tutor
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Many thanks for pointing this out – it is an updating error in the question where the official rate from 2014/15 of 3.25% tax year has not been changed to the 2015/16 rate of 3%. We will update the errata sheet for this and again thank you for your feedback.
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