AAT L4 Business & Personal Tax Practice Questions - AAT Level 4 Diploma In Professional Accounting (Q2022) - Business Tax (BNTA) & Personal Tax (PNTA) Exam

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For the 2024/25 tax year, an individual has employment income of £60,000 and no other income. Using the standard personal allowance and the basic rate band, how much of their income is taxed at the higher rate of 40%?

£22,300 £12,570 £0 £9,730

Correct Answer:

£9,730

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