113 Alfred

$
Tax adjusted trading profits 228,000
capital allowances -34000
partnership profits 194,000

Alfred Kings share of profits 72750

Income tax liability computation for the year ended 2017/18

non savings income
trading income 72750
devidends 0
72750
personal allowance 11500
61250
Tax computation
Non savings Income
35900 20.00%
25350 40.00%
Devidends income 2600 0.00%

Class 4 NIC
8164 0.00%
36836 9.00%
27750 2.00%

Total Tax to be paid in January 21190

Payments onaccount 20200
balancong payment 990
 capital allowances $ mainpool Capital Allowances
TWDV 10,000
Additions qualifying AIA
display units 15100
tiled flooring 17100
-32200 32200
10,000
WDA 18% 1800 1800
34000

e year ended 2017/18

devidends income
0
2600
2600
0
2600

7180
10140
0
17320

0
3315
555
3870
1 employee $
annnual salary 22,000 (W1)
clas 1 NIC (W1) 1909 13836 14% 1909.368
23,909

2 employees
Annual salary 11450 3286 14% 453
class1 NICs 453
cost per employee 11903
cost of 2 employees 23807