...tax payable by Ronni for the tax year 2011/12, providing your own data where none is given, to fully demonstrate your knowledge of income tax.
Ronni received additional income during the year, comprising:
ISA interest, £400
Premium bond winnings of £10,000
Dividends of £8,000 from shares valued at £100,000
Part-time earnings as cycle race official, £6,000.
Additional income added onto the taxable trading profit would be £124,000. Plus £24,483, this equals £148,483.
Ronni has asked you for answers to questions as she is keen to reduce her income... Finance and Accounting: Income Tax Word Count: 2,021 (8 pages) SCENARIO
Ronni, aged 35, owns and runs a small business from a shop in...