Mr Harris earned 1,040 from his employer in the week ending 12 September 2022. His employer...
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Mr Harris earned £1,040 from his employer in the week ending 12 September 2022. His employer also provided him with a company car throughout the year. Mrs Harris is self-employed and in 2022/23 had trading profits of £49,800. Required: a) Compute the primary and secondary Class 1 National insurance (NI) contributions relating to the payment to Mr Harris for the week ended 12 September 2022. 5 marks b) Explain how Mr Harris' employee benefit of a company car is treated for Nl purposes. 3 marks c) Compute the self-employed NI payable by Mrs Harris for 2022/23. 5 marks d) Explain the nature of the national insurance contributions that are required to be paid in respect of an employee who is over the pensionable age. Discuss whether you consider NI to be a progressive tax or a regressive tax. 3 marks Mr Harris earned £1,040 from his employer in the week ending 12 September 2022. His employer also provided him with a company car throughout the year. Mrs Harris is self-employed and in 2022/23 had trading profits of £49,800. Required: a) Compute the primary and secondary Class 1 National insurance (NI) contributions relating to the payment to Mr Harris for the week ended 12 September 2022. 5 marks b) Explain how Mr Harris' employee benefit of a company car is treated for Nl purposes. 3 marks c) Compute the self-employed NI payable by Mrs Harris for 2022/23. 5 marks d) Explain the nature of the national insurance contributions that are required to be paid in respect of an employee who is over the pensionable age. Discuss whether you consider NI to be a progressive tax or a regressive tax. 3 marks
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Canadian Income Taxation Planning And Decision Making
ISBN: 9781259094330
17th Edition 2014-2015 Version
Authors: Joan Kitunen, William Buckwold
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