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Joe is the managing director and 100% shareholder of OK-Joe Ltd. He has always withdrawn t

he entire profits of the company as director’s remuneration, but given a recent increase in profitability he wants to know whether this basis of extracting the profits is beneficial.

For the year ended 5 April 2016, OK-Joe Ltd’s taxable total profits, before taking account of director’s remuneration, are £65,000. After allowing for employer’s class 1 national insurance contributions (NIC) of £5,141, Joe’s gross director’s remuneration is £59,859.

The figure for employer’s NIC of £5,141 is after deducting the £2,000 employment allowance.

Required:

Calculate the overall saving of tax and NIC for the year ended 5 April 2016 if Joe had instead paid himself gross director’s remuneration of £8,000 and net dividends of £45,600.

Notes:

1. You are expected to calculate the income tax payable by Joe, the class 1 NIC payable by both Joe and OK-Joe Ltd, and the corporation tax liability of OK-Joe Ltd for the year ended 5 April 2016. 2. You should assume that the rate of corporation tax remains unchanged.

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更多“Joe is the managing director a…”相关的问题
第1题
3 Joe Lawson is founder and Managing Director of Lawson Engineering, a medium sized, priva
tely owned family

business specialising in the design and manufacture of precision engineering products. Its customers are major

industrial customers in the aerospace, automotive and chemical industries, many of which are globally recognised

companies. Lawson prides itself on the long-term relationships it has built up with these high profile customers. The

strength of these relationships is built on Lawson’s worldwide reputation for engineering excellence, which has

tangible recognition in its gaining prestigious international awards for product and process innovation and quality

performance. Lawson Engineering is a company name well known in its chosen international markets. Its reputation

has been enhanced by the awarding of a significant number of worldwide patents for the highly innovative products

it has designed. This in turn reflects the commitment to recruiting highly skilled engineers, facilitating positive staff

development and investing in significant research and development.

Its products command premium prices and are key to the superior performance of its customers’ products. Lawson

Engineering has also established long-term relationships with its main suppliers, particularly those making the exotic

materials built into their advanced products. Such relationships are crucial in research and development projects,

some of which take a number of years to come to fruition. Joe Lawson epitomises the ‘can do’ philosophy of the

company, always willing to take on the complex engineering challenges presented by his demanding customers.

Lawson Engineering now faces problems caused by its own success. Its current location, premises and facilities are

inadequate to allow the continued growth of the company. Joe is faced with the need to fund a new, expensive,

purpose-built facility on a new industrial estate. Although successful against a number of performance criteria, Lawson

Engineering’s performance against traditional financial measures has been relatively modest and unlikely to impress

the financial backers Joe wants to provide the necessary long-term capital.

Joe has become aware of the increasing attention paid to the intangible resources of a firm in a business. He

understands that you, as a strategy consultant, can advise him on the best way to show that his business should be

judged on the complete range of assets it possesses.

Required:

(a) Using models where appropriate, provide Joe with a resource analysis showing why the company’s intangible

resources and related capabilities should be taken into account when assessing Lawson Engineering’s case

for financial support. (12 marks)

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第2题
Joe: How are you getting along in math class? Jane: ______.

Joe: How are you getting along in math class?

Jane: ______.

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第3题
Joe’shandwritingis________Mary’s.A.morebetterB.aswellasC.muchbetterthanD.morebetterthan

Joe’s handwriting is ________ Mary’s. A. more betterB. as well as C. much better than D. more better than

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第4题
EX. 11Q3中的C选项为什么不对()

A.Joe 不会离开

B.选项只对了一半,Joe如果离开了是对的,另一半是would go wrong

C.没有提到Joe离开的事情

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第5题
Cindy: if you don't like where you're living, why don't just move? Joe: ______

Cindy: if you don't like where you're living, why don't just move?

Joe: ______

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第6题
Joe wants to invite Mary to go shopping.()
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第7题
Joe still ______ his mistakes long after the test was over. 考试过后很长时间乔还在想他出的那些错。

Joe still ______ his mistakes long after the test was over.

考试过后很长时间乔还在想他出的那些错。

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第8题
Managing is the process of getting things_________by and through others. A. do

Managing is the process of getting things _________by and through others.

A. done

B. do

C. doing

D. did

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第9题
Bill Gates is_ for managing Microsoft successfully。

A.surprised

B.famous

C.puzzled

D.kind

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