Andrew has ben soll employed as a builder for several years and generated taxable trading profit of £82,000 in the 2020/21 an year, He has trading losses brought forward of £10,000. His partner Sophie wurks part time as a mobilc dog groomer and has taxable trading profit of E10.560 for the tax vear 2020,2 What are the tetai NICx payable by Andrew and Sophie for the taxyear 2020/21?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Andrew has been soll employed as a builder for several years and generated taxable trading profit of E82,000 in
the 2020/21 an year, He has trading losses brought forward of £10,000.
His partne Sophio works part time as a mobilc dog groomer and has taxable trading profit of £10,560 for the tax
vear 2020,2X
Woat are the tetai NICs payable by Andrew and Sophie for the tax year 2020/21?
E160
Transcribed Image Text:Andrew has been soll employed as a builder for several years and generated taxable trading profit of E82,000 in the 2020/21 an year, He has trading losses brought forward of £10,000. His partne Sophio works part time as a mobilc dog groomer and has taxable trading profit of £10,560 for the tax vear 2020,2X Woat are the tetai NICs payable by Andrew and Sophie for the tax year 2020/21? E160
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