20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March and June 2025 exams.
Get your discount code >>

Gareth tax payable MCQ

This topic has 1 reply, 2 voices, and was last updated 9 years ago by kamol.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
November 27, 2015 at 3:51 am #285610
Kamila
Member
- Topics: 16
- Replies: 10
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
November 28, 2015 at 9:25 am #285872
kamol
Member
- Topics: 0
- Replies: 1
10000+2000=12000, 6000 tax will be paid 31 January 2015 ,6000 will be paid 31 July 2015 and and bln will paid 31 January 2016 remaining bln income tax +class 4 NIC + also CGT
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.