Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 2. mrs. cornell is a senior executive with berkele

2. Mrs. Cornell is a senior executive with Berkeley plc. Her salary is 20000 p.a....

70.2K

Verified Solution

Question

Accounting

2. Mrs. Cornell is a senior executive with Berkeley plc. Her salary is 20000 p.a. In the tax year 2021/22 her employers made the following benefits available to her:(a) A Ford Motor car from 6 October 2020. Its list price is 20000 and its CO2 emission 139 g/km. The company paid all running expenses including private petrol.(b) Berkeley plc provided Mrs. Cornell with an interest-free loan of 30000 on 1 January 2021. She repaid 10000 of the loan on 30 June2021. The loan is not used for qualifying purpose.Requirement: Calculate the tax liability for Mrs. Cornell for the tax year 2021/22.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

STEP 1 Transactions Select a business of your own choice and make up at least 15 transactions...

Biology
1.2K views

A newly discovered species of sponge has a syncytial body structure This sponge would most...

Basic Math
1.2K views

Given NP 18 3 and OQ 36 5 find the area of rhombus NOPQ Round...

Basic Math
1.2K views

13 Label each on a number line and then list them in increasing order 0...

Basic Math
1.2K views

Suppose that a loan of $7000 is given at an interest rate of 8% compounded...

Statistics
1.2K views

The monthly utility bills in a city are normally distributed, with a mean of $100...

Calculus
1.2K views

Part 1 of 2 Points 0 of 4 A boat on the ocean is 2...

Algebra
1.2K views

6 Given a right triangle AABC and C as the right angle if a 9...

Accounting
1.2K views

Human Resource Information Systems can be used to enhance the career paths of employees. True...

Accounting
1.2K views

Jet skis and snowmobiles are assembled by Mobile Incorporated. Because both end-items use the same...

Accounting
1.2K views

England Turkeqjes manufacture candle for centur barna utata ad other communication applications. The company July...

Finance
1.2K views

Setting a Bid Price: CBD Inc, a processor of CBD oils, has asked you to...