Paul is an employee, but also has a small business. For the year ended 31st March 2024 his sales were £2,500 and his running expenses were £460. He also bought a second-hand computer for use in his business for £200. His taxable trading income for the year will be: Question 14Select one: a. £2,500 b. £2, 040 c. £1,840 d. £1,500
Paul is an employee, but also has a small business. For the year ended 31st March 2024 his sales were £2,500 and his running expenses were £460. He also bought a second-hand computer for use in his business for £200. His taxable trading income for the year will be: Question 14Select one: a. £2,500 b. £2, 040 c. £1,840 d. £1,500
Chapter2: Gross Income And Exclusions
Section: Chapter Questions
Problem 30MCQ
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![Paul is an employee, but also has a small business. For the year ended 31st March 2024 his sales were £2, 500 and his running expenses were £460. He also bought a second-hand computer for use in his business for £200.
His taxable trading income for the year will be: Question 14Select one: a. £2,500 b. £2, 040 c. £1,840 d. £1,500](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe90ab351-097e-4d38-81a2-728d2222568d%2F9cfba632-0099-4674-8b0f-f8eb9dad733f%2Fbekdvh_processed.png&w=3840&q=75)
Transcribed Image Text:Paul is an employee, but also has a small business. For the year ended 31st March 2024 his sales were £2, 500 and his running expenses were £460. He also bought a second-hand computer for use in his business for £200.
His taxable trading income for the year will be: Question 14Select one: a. £2,500 b. £2, 040 c. £1,840 d. £1,500
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