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How will his dividends be taxed?

How will his dividends be taxed?

FINANCIAL ACCOUNTING
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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Gary's income for the tax year 2022/23 comprises a salary of £140,000 and dividends of £20,000. He is not entitled to a personal allowance. How will his dividends be taxed? O a. £2,000 at 0% and £8,000 at 33.75% and £10,000 at 39.35% O b. All at 39.35% O c. £10,000 at 33.75% and £10,000 at 39.35% O d. £2,000 at 0% and £10,000 at 33.75% and £8,000 at 39.35%
Transcribed Image Text:Gary's income for the tax year 2022/23 comprises a salary of £140,000 and dividends of £20,000. He is not entitled to a personal allowance. How will his dividends be taxed? O a. £2,000 at 0% and £8,000 at 33.75% and £10,000 at 39.35% O b. All at 39.35% O c. £10,000 at 33.75% and £10,000 at 39.35% O d. £2,000 at 0% and £10,000 at 33.75% and £8,000 at 39.35%
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