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please do not give other Chegg answer that was incorrect Question 4 A...

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Accounting

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Question 4 A sole trader has the following tax adjusted results for the following 3 tax years. He continued in the same trade through-out: 2018/19 2019/20 2020/21 Trading Profits 152,000 O 141,000 Other income 112,000 115,000 117,000 The sole trader made a trading loss in 2019/20 of 143,000 What is the maximum amount of trading loss that could be set against the individuals' income for 2020/21? At what level can it be offset? (Show all calculations and annotate fully) (2 marks) What is the maximum amount of loss that could be relieved in 2018/19 and what can it be relieved against? (Show all calculations and annotate fully), (2 marks)

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