Emma
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Emma is an employee and in 2021-22, her salary was £108,150. She made 1,200 (Net) gift aid donations during 2021-22.
What is the amount of personal allowance that Emma will be entitled to?
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£12,570
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£9,245
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£0
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£8,150
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- answer the following questions and show your steps for your calculations (you must show the applicable details for each question; for example YMPE = $, YBE = $, Contribution Rate = %): . Assume the year is 2021. Rachel who just turned 28 works for Tech Industries and makes an annual income of $52,000. Calculate total employee and employer contributions. b) Sasha has been employed with Planters Inc. since 2012. She earned a salary of $85,000 this year. Calculate total employer and employee contributions. c) Angela’s dad had hired her to work part time for his business while she was in grade 8. He had her doing some filing and answering phones over the summer and paid her $22,500. Calculate total employee and employer contributions. d) Qui had just turned 18 and made $2,495 while going to school. Calculate total employee and employer contributions. e) Terence is self-employed and made an income of $222,000 this year. Calculate both the employer and employee contribution. f) Franco has a…Sophie has the following information about her payments of tax for 2017/18: Payment on account 1 £2,000 paid in full on 31 March 2018 Payment on account 2 £2,000 paid in full on 31 July 2018 Final balancing payment £3,000 paid in full on 16 March 2019 Calculate any penalties due. Right to amend an income tax/capital gains tax return: Even once a tax return has been submitted, thetaxpayer has a right to amend it for any mistakes as long as it is within the time frame below. HMRC also have a right to amend the return HMRC- Nine months form the date the return is actually filed Taxpayer- 12 months from the usualsubmission date18. Ms. Berry is employed as an Accounts Manager in the Jamaican company ADM Limited. In 2022, she earned a monthly salary of $820,000.00. She also sits on the board of directors of FHC Company Limited where she receives director's fees of $7,500.00 per month. She contributes 10% of her gross emoluments to the Superannuation Pension Plan. Under the Jamaican Labour Laws, every employee is expected to contribute 3% of their gross emoluments/ salaries up to a maximum of $3,000,000.00 p.a. Calculate Ms. Berry's MONTHLY tax deduction under the PAYE system if the annual income tax threshold $1,500,096 p.a Persons with monthly income below$500,000 pay tax at 25% and those above pays tax at 30%. The monthly PAYE is: a.$162,748 b. $153,061 c.$164,923 d.$189,748
- What is the annual social security withholding for an executive whose annual gross earnings are 98485?Selma, an age 60 recipient of a Social Security Widow's benefit, earns $16,720 from her part-time job as a clerk in 2016. By how much will her Widow's benefit be reduced when the earnings limit is $15,720? 1. $0 2. $500 3. 4,000 4. $1572049-Basma earns £60,000 each year and makes a payment of £2,500 (net) to the gift aid donations. Which one of the following is an extended basic rate band for the year 2019/20 as per the UK tax laws? O a. £40,600 O b. £40,625 O c. £37,500 O d. £3,125
- 41-Jasmin is the owner of a food store in Central London. She made a purchase of food items worth £30,000 in the month of May 2019. How much VAT shall be paid by Jasmin on her purchases as per UK tax laws? O a. £0 O b. Exempted from VAT O c. £2,400 O d. £2,800A. X (25 Yrs) is a salaried employee of a public sector company in Mumbai. He has submitted following details for the year ending 2020-21: Basic pay: Rs. 200,000; dearness pay: Rs.1,75,000 (40 percent for retirement benefits); HRA: Rs. 15,000; employer’s contribution to provident fund: Rs. 24,000; besides the employer provides him a car (1800CC) for official and private purpose. Employer has provided him a credit card for which his employer has paid bill of Rs. 200,000(50 percent is used for official purpose). His employer has also sold a music system for Rs.2000 to him (Cost of music system to employer when it was purchased in 2009 was Rs. 20,000). X owns a small house in Mumbai, use for self-occupation details of which are: municipal valuation: Rs.2,30,000; standard rent: Rs.2,50,000; during the previous year he paid interest of Rs. 20,000 on house loan taken in 2015. He also received interest from deposits in saving bank account Rs. 25,000 and dividend from an Indian company Rs.…Michelle paid dental and doctor bills of $20,000 in 2022. Her AGI was $100,000 and she is 50 years old. How much can Michelle claim in medical and dental expenses on Line 4, Schedule A, for tax Year 2022? $12,000 $10,000 $6,250 $7,555 $12.500
- During the fiscal year of 2023/24, John received £40 of income tax repayment interest relating to overpaid income tax from 2022/23. John has been employed part-time by Medical Support Ltd since 2013. He received the following remuneration package in 2023/24: · Salary £15,000 per year; · Eye test which would have cost £20, offered to all employees who use computers. · Private medical insurance costing the company £800, and which would have cost John £1,000 had he bought it directly from the insurers; and · From 1 June 2023, use of a van for significant private use with CO2 emissions of 130 g/km. The van had a list price of £10,000 and Medical Support Ltd paid for all John’s private fuel. John received £1,500 of dividends in January 2024 from an ISA. John has also run his own business as a sole trader for many years. Therefore, he has calculated his taxable trading profits for 2023/24 to be £20,600. In arriving at his taxable trading profits, he deducted the following amounts. · £200…Ms. Berry is employed as an Accounts Manager in the Jamaican company ADM Limited. In 2022, she earned a monthly salary of $820,000.00. She also sits on the board of directors of FHC Company Limited where she receives director’s fees of $7,500.00 per month. She contributes 10% of her gross emoluments to the Superannuation Pension Plan. Under the Jamaican Labour Laws, every employee is expected to contribute 3% of their gross emoluments/ salaries up to a maximum of $5,000,000.00 p.a. Calculate Ms. Berry’s MONTHLY tax deduction under the PAYE system if the annual income tax threshold $1,500,096 p.a Persons with monthly income below$500,000 pay tax at 25% and those above pays tax at 30%. The monthly PAYE is: Question 34Answer a. $163648 b. $189,748 c. $153,061 d. $162,748Provide Correct solution
