Amy has taxable income of £167,000 for 2012/13, made up of £127,000 earnings from employment and £40,000 gross dividend income.
Her tax liability for 2012/13 is:
The correct answer is: £58,626
Non savings income
£34,370 x 20%
£92,630 x 40%
Dividend income
£23,000 x 32.5%
£17,000 x 42.5%
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