Calculate for Fred the correct amount of employment remuneration that he should include on his tax return for 2021/22.  [

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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On 1st July 2021, Fred was appointed as a musician in an international hotel chain earning £18,000 as a basic annual salary. In addition, he received a monthly commission of £250 for evening performances during the 2021/22 tax year. He received a diesel car worth £28,000 with CO2 emissions of 157g/km from his employer.  His employer contributed £250 towards his fuel expenses each month he had the car.  He was pleased to be provided with a work mobile, paid for by his employer, worth £599, and his employer paid for his annual eye test at the opticians.


Calculate for Fred the correct amount of employment remuneration that he should include on his tax return for 2021/22.  [Only remuneration, not taxation on it.] 

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