Income tax computation (part 4) - ACCA Taxation (FA 2022) TX-UK lectures

[@ixa.m9915]

How sge got 20,000 in savings part??

[@EruditeMatthew]

The cummulative non savings income is 130,000. The limit for Higher rate is 150,000. Less 130,000 from 150,000 gives 20,000@40% higher rate for savings income. The remaining savings income(40,000-20,000) would be at additional rate of 39.5%. I hope this helps.

[@Xylete1]

​@@EruditeMatthewthank you I was puzzled too😂😂