This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Decline Settings Accept
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

Basic calculation question on SE income tax 2024

Forum rules
Post Reply
wonderland78
Posts:5
Joined:Mon Dec 06, 2021 2:30 pm
Basic calculation question on SE income tax 2024

Postby wonderland78 » Sat Mar 23, 2024 4:54 pm

If I have a profit of 68,875
Do I deduct my tax free allowance of 12,570 to get 56,305 final taxable amount?
Top
wonderland78
Posts:5
Joined:Mon Dec 06, 2021 2:30 pm

Re: Basic calculation question on SE income tax 2024

Postby wonderland78 » Sat Mar 23, 2024 5:53 pm

Never mind. I got my answer. Tried to find a delete button but couldn't so feel free to remove.
Top
Post Reply

Return to “Business Tax”

Powered by phpBB® Forum Software © phpBB Limited