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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Income tax
Susan is a sale adviser for a large electrical goods supplier. She receives a basic salary of £24,750 per year and is also paid commision on sales which average £130 per week. Her tax allowance is £11,000 for the tax year 2016/2017. The basic rate of tax is 20%.
Calculate:
a) her gross pay
b) her net pay
C) Susan’s employer has introduced an optional company bonus scheme which is ultimately to replace commission on sale in two years time. The bonus is based on 15% of employees’ basic salary. Comment on whether susan is better off receiving commissions or the company bonus scheme ?
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You are also clearly looking at old material which you must NOT do – you must use FA 2018 material