Gareths tax payable for 2013/14 and 2014/2015
2013/14 2014/15
income tax 10,000 12,500
Class 2 NIC 140 143
Class 4 NIC 2000 2500
Capital gain tax 1000 2000
He always pays the correct amt of tax on each due date .
What is the amount payable to HMRC on Jan 31st in respect of tax year 2014/15 ?
A. 5000
B.4500
C.4003
D.4000
Correct answer is 5000 ..
Can anyone please explain how we arrive at the above answer ..thanks