Shakera earns £45,000 p.a. as a graphic designer for Commercial Ltd, which prepares accounts to March each year. For the last two years Shakera earned bonuses from her employer as follows: Date paid £ Year ended 31 March 2020 1 June 2020 8,000 Year ended 31 March 2021 1 June 2021 11,000 What is Shakera’s assessable employment income for the tax year 2020/21?

Shakera earns £45,000 p.a. as a graphic designer for Commercial Ltd, which prepares accounts to March each year. For the last two years Shakera earned bonuses from her employer as follows: Date paid £ Year ended 31 March 2020 1 June 2020 8,000 Year ended 31 March 2021 1 June 2021 11,000 What is Shakera’s assessable employment income for the tax year 2020/21?

PAYROLL ACCT.,2019 ED.(LL)-TEXT

19th Edition

ISBN:9781337619783

Author:BIEG

Publisher:BIEG

Chapter3: Social Security Taxes

Section: Chapter Questions

Problem 4SSQ: Lori Kinmark works as a jeweler for a local company. She earns 1,000 per week, plus a year-end bonus...

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