Brenda is a company director and she earns a regular monthly salary of 8,000. In May 2023

Question:

Brenda is a company director and she earns a regular monthly salary of £8,000. In May 2023 she received a £20,000 bonus.

She is provided with a diesel-engined company car which has an emission rating of 148g/km and had a list price when new of

£26,000. The company pays all the running costs of the car, including fuel for private motoring. Her BUPA medical insurance subscription of £2,750 per year is also paid by the company.

Calculate the NICs payable in respect of Brenda for 2023-24.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Taxation Finance Act 2023

ISBN: 9781292461083

29th Edition

Authors: Alan Melville

See More Books

Question Posted: May 02, 2024 10:01 AM

See More Questions

Brenda is a company director and she earns a regular monthly salary of 6,000. In December 2021 she received a 20,000 bonus. She is provided with a diesel-engined company car (registered in January...
Brenda is a company director and she earns a regular monthly salary of 6,000. In December 2020 she received a 20,000 bonus. She is provided with a diesel-engined company car (registered in January...
Brenda is a company director and earns a regular monthly salary of 6,000. In December 2017 she received a 20,000 bonus. She is provided with a diesel -engined company car which has an emission rating...
2. For every $1.00 spent on Advertising, the Industry generates $10.00 in Net Sales. You calculate Living Earth's Advertising relationship to Net Sales (show work) and report your comparison of...
Examine the Google cash-flow statement on page 620. Suppose Google's operating activities used, rather than provided, cash. Identify 3 things under the indirect method that could cause operating cash...
The U.S. Department of Agriculture reports in Food Consumption Prices, and Expenditures that the average American consumed about 33.5 lb of cheese in 2011. Cheese consumption has increased steadily...
Fill in the Blank. Real-time analyzers are useful for machinery ___________ monitoring, since a change in the noise or vibration spectrum can be observed immediately.
On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective-interest amortization...
OA beam of negligible mass is shown in the given diagram. If a force of 55 N acts at a point 0.45 m away from the hinge and making an angle at 68. What is the magnitude and direction of the torque?...
Leonard is employed and received a gross salary of 3,500 per month during tax year 2023-24. He also has a small business and paid 52 Class 2 NICs for the year. His trading income for 2023-24 was...
Mark starts his own business on 31 July 2023 and is self-employed for 36 weeks in tax year 2023-24. His trading profit which is assessed to income tax for 2023-24 is 13,590. Calculate the Class 2...
Indicate whether each statement is true or false, and justify your answer. NICE conducts health technology assessments for the UK, but the NHS is not authorized to use their analyses to make...
Explain what negotiation is. Identify two applications of negotiation in day-to-day life.
What are the challenges in such a type of analysis?
(T/F) Why do the BOs of the pattern have Any as a prefix?
Why is prefix Any used in front of the class names in negotiation stable pattern?
Explain the advantages of stability model over analogy approach.
Suppose that the current through a conductor decreases exponentially with time according to the equation I (t) = Ioe-t/r where I0 is the initial current (at t = 0), and + is a constant having...
Nate prepares slides for his microscope. In 1 day he prepared 12 different slides. Which equation best represents y, the total number of slides Nate prepares in x days if he continues at this rate? A...
Saltspring Corporation s general ledger shows data before tax. The income tax rate is 4 0 % . The company had 2 5 , 0 0 0 common shares outstanding for the full year. The following information is...
Does a company benefit when an owner of the company s stock sells these shares to another individual?
What would the difference be in the amount of force being applied if the hand is placed just above the ankle compared with when the hand is placed just below the knee when testing for knee extension?

Brenda is a company director and she earns a regular monthly salary of 8,000. In May 2023

Question:

Step by Step Answer:

Taxation Finance Act 2023

Students also viewed these Business questions