Tessa, a self-employed dentist, has the following taxable income and allowable outgoings for 2020: Schedule D Case II income 140,000 Schedule D Case IV deposit interest net 2,680 Schedule D Case V rental income (net of expenses) 22,000 Qualifying retirement annuity premiums paid 8,500 Tessa is 31 years old and does not.have a medical card. What is Tessa's universal social charge (USC) liability for 2020? Oa. €10,081 O b. €11,676 Oc. €11,971 O d. €12,116

Tessa, a self-employed dentist, has the following taxable income and allowable outgoings for 2020: Schedule D Case II income 140,000 Schedule D Case IV deposit interest net 2,680 Schedule D Case V rental income (net of expenses) 22,000 Qualifying retirement annuity premiums paid 8,500 Tessa is 31 years old and does not.have a medical card. What is Tessa's universal social charge (USC) liability for 2020? Oa. €10,081 O b. €11,676 Oc. €11,971 O d. €12,116

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter7: Tax Credits

Section: Chapter Questions

Problem 15P

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