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Section B (2 Mark)In 2011-12, Steven has business profits of £34,125, net bank interest of...

Section B (2 Mark)

In 2011-12, Steven has business profits of £34,125, net bank interest of £1,240 and net dividends of £9,000. He claims the personal allowance of £7,475. What is the income tax payable for the year after subtracting tax deducted at source?

A.

£7,360

B.

£6,050

C.

£8,280

D.

£6,290

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