Marco Leopizzi earns £45,000 in tax year 2021-22. He also received bonus of £20,000 in a year, house allowance £10,000, conveyance allowance £2,000. His income from property is £20,000 His spouse was born before 6 April 1935. He takes the advantage of married couple allowance (MCA) and is also eligible for marriage allowance. Keeping in view above set of information, please calculate his amount of tax paid for year 2021-2022

Marco Leopizzi earns £45,000 in tax year 2021-22. He also received bonus of £20,000 in a year, house allowance £10,000, conveyance allowance £2,000. His income from property is £20,000 His spouse was born before 6 April 1935. He takes the advantage of married couple allowance (MCA) and is also eligible for marriage allowance. Keeping in view above set of information, please calculate his amount of tax paid for year 2021-2022

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Marco Leopizzi earns £45,000 in tax year 2021-22. He also received bonus of £20,000 in a year, house allowance £10,000, conveyance allowance
£2,000. His income from property is £20,000
His spouse was born before 6 April 1935. He takes the advantage of married couple allowance (MCA) and is also eligible for marriage allowance.
Keeping in view above set of information, please calculate his amount of tax paid for year 2021-2022.

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