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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Income tax computataion
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
What part of the answer do you not understand?
Tax liability and Tax payable
Tax liability is before deducting tax deducted at source – PAYE – and tax payable is after deducting tax deducted at source