An individual has taxable general income of £70,000 (before deducting the personal allowance). He also has savings income of £1,000. How much Income Tax will be payable on the savings income? £0 £200 £400 £300
An individual has taxable general income of £70,000 (before deducting the personal allowance). He also has savings income of £1,000. How much Income Tax will be payable on the savings income? £0 £200 £400 £300
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
An individual has taxable general income of £70,000 (before deducting the personal allowance). He also has savings income of £1,000.
How much Income Tax will be payable on the savings income?
-
£0
-
£200
-
£400
-
£300
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