Hello,
I have urgent Taxation Fundamentals Coursework Project. Need to be done Urgent within few hours.
BACKGROUND
You have been contacted by your good friend Mary Phillips. She is aware that you are studying taxation at University, and she would like you to help some of her family members with some tax issues.
You are required to deal with 3 PARTS – Part 1 and 2 AND EITHER Part 3 OR Part 4 OR Part 5. Each of the 3 Parts will carry equal marks.
Other Income
In the tax year 2014/2015 Susan also received interest on her building society account equal to 5% of her gross salary. This is the amount net of taxation.
In addition she has a portfolio of investments and in the tax year 2014/2015 she received dividend income equal to 10% of her gross salary. This is the amount net of taxation.
Susan also makes charitable donations (which qualify as gift aid) to the RSPCA. The net value of these donations is equal to 2% of her gross salary.
Susan is entitled to the basic personal allowance and she does not belong to a pension scheme.
I will provide more details in PMB.
Part 1 need to do some calculation. and rest of the Part need to done the 700 words each.
Thank you