Question 2 Daisy had the following income for the tax year 2019/20: Gross Salary -...
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Question 2 Daisy had the following income for the tax year 2019/20: Gross Salary - 103,000 (her employer deducted PAYE of 32,600) ii) Property income - 16,000 iii) Bank interest received - 1,600 iv) Premium bond prize - 100 The property income consisted of: Property business income from letting out a furnished house 9,000 Income from letting out a room in Daisy's house 7,000 Required: a) Prepare the income tax computation for Daisy for 2019/20, showing the tax liability and the tax due to be paid
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