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Income tax computataion

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Income tax computataion

  • This topic has 3 replies, 2 voices, and was last updated 8 years ago by Tax Tutor.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • May 11, 2017 at 12:37 pm #385754
    makibaja1995
    Member
    • Topics: 2
    • Replies: 1
    • ☆

    Hi,
    please assist me to get answer on example 8,chapter two,income tax computation:
    Mikes receive gross employment income of pound 108,000 in 2016/2017 of which pound 33,130 was deducted at source under PAYE 2016/2017

    calculate mikes income tax payable for 2016/17

    May 11, 2017 at 9:26 pm #385895
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    What part of the answer do you not understand?

    May 12, 2017 at 6:00 pm #386000
    makibaja1995
    Member
    • Topics: 2
    • Replies: 1
    • ☆

    Tax liability and Tax payable

    May 15, 2017 at 3:22 pm #386298
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Tax liability is before deducting tax deducted at source – PAYE – and tax payable is after deducting tax deducted at source

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