During 2020-21, an employee earns 5,000 per month. (a) Calculate the total primary Class 1 NICs payable

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During 2020-21, an employee earns £5,000 per month.

(a) Calculate the total primary Class 1 NICs payable for the year.

(b) What would the total primary contributions be for the year if the employee received £60,000 in one month and nothing in the remaining 11 months?

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Taxation Finance Act 2020

ISBN: 9781292360713

26th Edition

Authors: Alan Melville

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Question Posted: Feb 11, 2024 02:00 AM

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During 2020-21, an employee earns 5,000 per month. (a) Calculate the total primary Class 1 NICs payable

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a Primary contributions each month are equal to 12 x 4167 792 2 x 5000 4167 4216...View the full answer

Taxation Finance Act 2020

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