Dear Sir,
First of all, thank for support for ACCA students all around the world, i just want to highlight that in your answer in the notes for example #10, in calculation of personal allowance, the Adjusted Net Income should be 102,000 not 106,000.
Is it correct ??
Thanks,
Ask the Tutor ACCA TX-UK
Example #10, Chapter 2 - Personal Allowance
Hi everyone,
I hope you are well.
I understood that the Net Income is £106,000 (Non-Savings Income £102,000+ Savings Income £4,000)
The answer as in the notes is correct - what makes you think that the ANI should be only 102,000 when that is only the trading income figure?
Quite right Julian the ANI contains both the trading income and the savings income.
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