Andrew has been self-employed as a builder for several years and generated taxable trading profit of £82,000 in the 2020/21 tax year. He has trading losses brought forward of £10,000. His partner Sophie works part time as a mobile dog groomer and has taxable trading profit of £10,560 for the tax year 2020/21. What are the total NICs payable by Andrew and Sophie for the tax year 2020/21? £4,244 £4,180 £4,698 £4,498

Andrew has been self-employed as a builder for several years and generated taxable trading profit of £82,000 in the 2020/21 tax year. He has trading losses brought forward of £10,000. His partner Sophie works part time as a mobile dog groomer and has taxable trading profit of £10,560 for the tax year 2020/21. What are the total NICs payable by Andrew and Sophie for the tax year 2020/21? £4,244 £4,180 £4,698 £4,498

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter5: Gross Income: Exclusions

Section: Chapter Questions

Problem 30P

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