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In tax year 2021-22, Class 2 NICS are payable by monthly or quarterly direct debit at a flat rate of £2.80 per week. True or False? O True O False An employee earns £148 in the week ending 24 March 2021, Compute the primary Class 1 NICS payable for the week O £20 42 O £17 76 O EC 84

In tax year 2021-22, Class 2 NICS are payable by monthly or quarterly direct debit at a flat rate of £2.80 per week. True or False? O True O False An employee earns £148 in the week ending 24 March 2021, Compute the primary Class 1 NICS payable for the week O £20 42 O £17 76 O EC 84

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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In tax year 2021-22, Class 2 NICS are payable by monthly or quarterly direct debit at a flat rate of £2.80 per week. True or False? O True O False An employee earns £148 in the week ending 24 March 2021, Compute the primary Class 1 NICS payable for the week O £20 42 O £17 76 O EC 84
Transcribed Image Text:In tax year 2021-22, Class 2 NICS are payable by monthly or quarterly direct debit at a flat rate of £2.80 per week. True or False? O True O False An employee earns £148 in the week ending 24 March 2021, Compute the primary Class 1 NICS payable for the week O £20 42 O £17 76 O EC 84
Fatima is one of 2000 employees of Alba Company plc. The Salary for 2021-22 is 57000 and Benefits per P11D is 8500. What amount of national insurance contributions does Tye suffer in the tax year? O £4,860 O £4,900 O £5,029 O £5,000
Transcribed Image Text:Fatima is one of 2000 employees of Alba Company plc. The Salary for 2021-22 is 57000 and Benefits per P11D is 8500. What amount of national insurance contributions does Tye suffer in the tax year? O £4,860 O £4,900 O £5,029 O £5,000
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