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What is the assessable benefit for louise in the tax year

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Question 1 - In 2020/21 Ella had taxable income (after deducting the personal allowance) of 252,000, all of which represented savings income. She paid $1,600 as a Gift Aid donation to the NSPCC (a registered charity). What is Ella's income tax liability for 2020/21?

Question 2 - Eva is self-employed and has taxable trading profits (after deduction of the personal allowance) of E36,500 in 2020/21. During 2020/21 Eva also received dividend income of E15,000. How much of Eva's dividend income is subject to tax at 32.5% in 2020/21?

Question 3 - Louise was provided with accommodation by her employer on the 6 December 2020. Her employer purchased it 15 years ago for $50,000. The property has an annual value of E8,800, and had a market value of $145,000 on the 6 December 2020. Louise pays $250 per month to her employer to live in the property. What is the assessable benefit for Louise in the tax year 2020/21?

Reference no: EM133137370

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