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Practice Question number 3: Karl (end of notes)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Practice Question number 3: Karl (end of notes)

  • This topic has 1 reply, 2 voices, and was last updated 3 years ago by JillyB.
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    Posts
  • March 7, 2023 at 5:55 am #680341
    charleyg0138
    Participant
    • Topics: 3
    • Replies: 2
    • ☆

    Hi,

    In the answer workings to practice question 3, there is:

    41,700 x 20% = 8,340
    95,300 x 40% = 38,120

    2,000 @ 0% = 0
    15,000 @ 33.75% = 5,062
    13,000 @ 39.35 % = 5,116

    Income Tax Liability = 56,288

    Is this a typo? Because after adding these numbers up I have 56,638.

    Or have a missed something?

    Thank you for the help.

    Charley

    March 7, 2023 at 9:20 am #680392
    JillyB
    Keymaster
    • Topics: 0
    • Replies: 899
    • ☆☆☆☆

    Its probably a typo – sorry

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