Read each question carefully and select the answer you think is correct (do your working to determine this as necessary). Once you have made your selection check if this is correct.
The married couples allowance has been discontinued with effect from 6 April 2000, except for persons born before 6 April 1935.
True
False
Alistair (aged 50) has non savings taxable income of £19,820. His tax payable (to the nearest pound) is
£3,964.00
£1,450.00
£1,486.50
£2,964.00
Barbara (aged 40) has a taxable income comprising non-savings income of £42,103. Her net tax payable (to the nearest pound) is:
£9,301.20
£5,906.60
£16,841.20
£8,301.20
Catriona has a taxable income of £6,400. Given that it is savings income, her tax payable will be:
£80.00
£1,280.00
nil
£280.00
Edna has adjusted net income is £118,000. The personal allowance to which she will be entitled is
£3,570
£12,570
£nil
Cedric Elliot is a weekly paid employee (aged 58). His earnings for the week ended 13 August 2021 are £210. His primary Class 1 NIC contributions will be
£3.12
£3.58
£25.20
£28.98
Tony earns £849 per week. What is his weekly class 1 NIC?
£101.88
£117.16
£79.80
£91.77
Bernard has taxable income of £19,684 made up of non-savings income of £17,200, savings income of £697 and dividend income of £1,787. What is his taxable liability for the year?
£3,574.02
£3,936.80
£3,713.42
£3,440.00
The higher rate income tax band commences at what level of taxable income in the current tax year?
£50,000
£150,000
£37,700
£12,570
£2,150
The correct order to apply income tax rates in the tax due computation is:
Savings, Non-Savings, Dividends
Non-Savings, Savings, Dividends
Dividends, Savings, Non-Savings
Dividends, Non-Savings, Savings
Non-Savings, Dividends, Savings
Savings, Dividends, Non-Savings
In the tax year Bill, an employee who is 50 years of age, makes a Gift Aid donation of £2,000 (net) to a charity. If his only source of income was non-savings income of £62,000 (and no charges apply) what would his tax liability be for this tax year?