Susan received income from the following sources in the year ended 5 April 2013.
Interest on a 3.5% war loan
£200
Interest on a NS & I savings account
£110
Interest on a building society account
£600
She also had earnings income of £10,000.
What is her net income?
Please input answer: £________
The correct answer is £11,060.
Earnings
3.5% war loan
NS & I Savings Account
BSI (600 x 100/80)
Net income
Interest on a National Savings & Investments Savings Account is received gross. Interest on 3.5% War Loan is received gross.
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