Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Kaplan revision kit for exams 2014, exercise The Wind Family, error in question!
- This topic has 8 replies, 7 voices, and was last updated 10 years ago by Adam.
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- May 10, 2014 at 10:24 am #168159
Hi,
I think I just found error in above question. Phillip’s higher personal allowance is reduced because his income is higher than 26100(it’s ok), but IMO PERSONAL AGE ALLOWANCE cannot be reduced to level lower than 9440 right? in question answer personal allowance is 8840, i think its wrong, what do you think guys?
May 12, 2014 at 10:30 pm #168575Hi bik 123 I regret i do not have a copy of the Kaplan kit with me but from what you say please check if Philip’s Adjusted Net Income does not simply exceed 26,100 but also exceeds 100,000 in which case the standard personal allowance will then be reduced.
May 14, 2014 at 8:29 pm #168828Tax adjusted income in the question is 29,740. So PA of 9440 should be used? cannot reduce to 8840?
May 14, 2014 at 8:31 pm #168830in the BPP book as well its like that…
May 17, 2014 at 2:40 pm #169198If you are looking at the 2014 edition then on the numbers you have stated the PA cannot indeed be reduced below the standard PA of 9440 for the 2013/14 tax year!
May 26, 2014 at 1:37 am #170842Yes , I think it was not updated properly. I asked my teacher.
May 29, 2014 at 3:33 pm #171669it’s a mistake, it cant fall below 9440. Same problem in the BPP kit
May 29, 2014 at 3:40 pm #171671AnonymousInactive- Topics: 0
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It was a mistake ! p.a cannot be reduced below 9440
November 6, 2014 at 5:09 pm #208048Spotted this mistake as well but thank you bik123 for raising the issue and for the clarification from the tutor.
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