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jonathanforstudying.
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jonathanforstudying
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I don’t get it, why must Kerry’s Dividends be calculated by
3,000/94,400 × 32.5% = 975I got it at 3000@37.5%
Kindly advise thank you!
Tax Tutor
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Look again at the answer – the calculation is 3,000 x 32.5% = 975
The 94,400 is simply the total taxable income! Just add down that column.
The dividend income is NOT to be taxed at 37.5% as it falls within the higher rate band not the additional rate band
jonathanforstudying
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Thank you Sir 🙂
Tax Tutor
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