In an economy, consumption is 70% of pre-tax income and the average tax rate is 25% of total income. If planned government expenditures are expected to increase by S25 billion, the increase in total incomes and spending ($ in billions) is closest to:

[试题](b) Compute Gloria’s total income tax and national insurance liability for 2006/07. (7 marks)

[单选题]Income may be national income and personal income. Whereas national income

[单选题]Income may be national income and personal income. Whereas national income

[单选题]Income may be national income and personal income. Whereas national income

[单选题]Income may be national income and personal income. Whereas national income

[单选题]Income may be national income and personal income. Whereas national income

[试题](ii) Explain the income tax (IT), national insurance (NIC) and capital gains tax (CGT) implications arising onthe grant to and exercise by an employee of an option to buy shares in an unapproved share optionscheme and on the subsequent sale of these s

[试题](b) (i) Advise Andrew of the income tax (IT) and capital gains tax (CGT) reliefs available on his investment inthe ordinary share capital of Scalar Limited, together with any conditions which need to be satisfied.Your answer should clearly identify an

[试题](ii) Advise Mr Fencer of the income tax implications of the proposed financing arrangements. (2 marks)

[试题](ii) Compute the annual income tax saving from your recommendation in (i) above as compared with thesituation where Cindy retains both the property and the shares. Identify any other tax implicationsarising from your recommendation. Your answer should