Compute Mark’s income tax liability for 2019/20. Assume the official rate of interest for 2019/20 is 2.5.

Compute Mark’s income tax liability for 2019/20. Assume the official rate of interest for 2019/20 is 2.5%. Question 1:
Mark is employed by ABC Ltd, a small family company, in which he holds 20,000 £1 ordinary shares; the remaining 80% are held by the other senior employees.

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