Tessa, a self-employed dentist, has the following taxable income and allowable outgoings for 2020: Schedule D Case II income 140,000 Schedule D Case IV deposit interest net 2,680 Schedule D Case V rental income (net of expenses) 22,000 Qualifying retirement annuity premiums paid 8,500 Tessa is 31 years old and does not.have a medical card. What is Tessa's universal social charge (USC) liability for 2020? Oa. €10,081 O b. €11,676 Oc. €11,971 O d. €12,116

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Tessa, a self-employed dentist, has the following taxable income and allowable outgoings for 2020:
Schedule D Case Il income
140,000
Schedule D Case IV deposit interest net
2,680
Schedule D Case V rental income (net of expenses)
22,000
Qualifying retirement annuity premiums paid
8,500
Tessa is 31 years old and does not.have a medical card.
What is Tessa's universal social charge (USC) liability for 2020?
O a. €10,081
O b. €11,676
O c. €1,971
O d. €12,116
Transcribed Image Text:Tessa, a self-employed dentist, has the following taxable income and allowable outgoings for 2020: Schedule D Case Il income 140,000 Schedule D Case IV deposit interest net 2,680 Schedule D Case V rental income (net of expenses) 22,000 Qualifying retirement annuity premiums paid 8,500 Tessa is 31 years old and does not.have a medical card. What is Tessa's universal social charge (USC) liability for 2020? O a. €10,081 O b. €11,676 O c. €1,971 O d. €12,116
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