Cook is a teacher. His job at a boarding school requires him to live in a house in the school grounds. The house cost £70000 three years ago and its annual value is £650. In 2020/21 the company pays an electricity bill of £550, a gas bill of £400, a gardener’s bill of £750 and redecoration costs £1800. Cook makes a monthly contribution of £50 for his accommodation. He earns a gross salary of £28850 and £1450 occupational pension contributions. Requirement: Calculate Cook’s taxable employment income for 2020/21.
Cook is a teacher. His job at a boarding school requires him to live in a house in the school grounds. The house cost £70000 three years ago and its annual value is £650. In 2020/21 the company pays an electricity bill of £550, a gas bill of £400, a gardener’s bill of £750 and redecoration costs £1800. Cook makes a monthly contribution of £50 for his accommodation. He earns a gross salary of £28850 and £1450 occupational pension contributions. Requirement: Calculate Cook’s taxable employment income for 2020/21.
Chapter3: Income Sources
Section: Chapter Questions
Problem 41P
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Cook is a teacher. His job at a boarding school requires him to live in a house in the school grounds. The house cost £70000 three years ago and its annual value is £650. In 2020/21 the company pays an electricity bill of £550, a gas bill of £400, a gardener’s bill of £750 and redecoration costs £1800. Cook makes a monthly contribution of £50 for his accommodation. He earns a gross salary of £28850 and £1450 occupational pension contributions.
Requirement: Calculate Cook’s taxable employment income for 2020/21.
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