why do we need to gross up the saving income(100/80) and dividends(100/90) when obtaining the net income?
Am really not getting the concept . Because at first we could just indicate the figures as given in the question, but now there is need to gross up!
Ask the Tutor ACCA TX-UK
income tax computation
We DO NOT gross up such income - you must be looking at very old tax material!! Look at the Study notes relevant to your exam sitting!!
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