Calculate the Class 4 NICs payable in each of the following cases: (a) Shawn has trading income
Question:
Calculate the Class 4 NICs payable in each of the following cases:
(a) Shawn has trading income for 2017-18 of £14,880.
(b) Catherine has trading income for 2017-18 of £50,000.
(c) Paul has trading income for 2017-18 of £7,500.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
a 9 x 14880 8164 60444 b9 x 450...View the full answer
Answered By
JOHN NJUGUNA
Brian Nambale is a passionate and flexible freelancer with over 3 years’ experience and expertise in various disciplines. He approaches the writing process with self-motivation and enthusiasm to polish each piece using reliable information and acceptable grammar. Brian graduated with second class honors (upper division) from Kenyatta University with a degree in Biomedical engineering.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
Mark starts his own business on 26 July 2021 and is self-employed for 36 weeks in tax year 2021-22. His trading profit which is assessed to income tax for 2021-22 is 10,590. Calculate the Class 2...
-
Mark starts his own business on 1 August 2017 and is self-employed for 36 weeks in tax year 2017-18. His trading profit which is assessed to income tax for 2017 -18 is 9,250. Calculate the Class 2...
-
FinCorp Inc. is exploring different portfolio allocations between two stocks. Complete the following table. Case1 Case 2 Case 3 Case 4 Case 5 $ invested in stock 1 $ invested in stock 2 Total $...
-
In a manufacturing process that laminates several ceramic layers, 1% of the assemblies are defective. Assume that the assemblies are independent. (a) What is the mean number of assemblies that need...
-
According to a study by Nielsen Mobile, Teenagers ages 13 to 17 are by far the most prolific texters, sending 1742 messages a month. Mr. Williams, a high school statistics teacher, was skeptical...
-
The following well-known and quite instructive real-life story is well suited to illustrate the dangers of stack-and-roll and the role of liquidity. At the beginning of the 1990s, Metallgesellschaft...
-
Your class has volunteered to work for Referendum 13 on the November ballot, which calls for free tuition and books for all college courses except operations management. Support for the referendum...
-
Write a program that will asks the user to input 15 students test score then store them in an array named "Score" your program should accomplish the followings: 1. Calculate and display the average....
-
(a) Sabrina has two employments throughout 2017 -18. Calculate the ref und of NICs due for the year if her regular monthly earnings from the two employments are: (i) 850 and 1,250 (ii) 2,000 and...
-
(a) Alison has been self -employed for many years. Her profit for tax year 2017 -18 is 5,600. Is she liable to pay Class 2 NICs for the year? (b) Amanda starts her own business on 1 June 2017 and is...
-
The transactions listed below are typical of those involving New Books Inc. and Readers' Corner. New Books is a wholesale merchandiser and Readers' Corner is a retail merchandiser. Assume all sales...
-
A gas pipework is supplying liquefied petroleum gas (LPG) to a kitchen appliance. Based on the following information, calculate the gas flow rate and pressure loss. If the pipe diameter is changed to...
-
Find the Fourier Transform of f(x) = 12if |x|a; (x) = 0,if |x|>a. 2a
-
The use of animals in research is a controversial and emotionally charged issue. Personal feelings regarding the use of animals in research vary widely. While many believe that the use of animals in...
-
how much memory is require for a double figure expressed in the unit bit
-
Cullen Plissken has started a cloud software company called Second Chances.His software re-targets products; products that were left in carts but not purchased are shown again to the buyer.This...
-
Why is unit cost information important to management?
-
Suppose a population of bacteria doubles every hour, but that 1.0 x 106 individuals are removed before reproduction to be converted into valuable biological by-products. Suppose the population begins...
-
In January 2021 Karl sells a one-quarter interest in a chattel for 2,500. On the date of this sale, the remaining three-quarters interest is valued at 8,500. The chattel had cost Karl 3,850 in...
-
In September 2020 Kevin sells a drawing for 2,000. He bought the drawing in February 2014 for 50,000 when it was thought (incorrectly) to be by a famous artist. Compute the allowable loss.
-
In October 2020 Keith sells an antique cabinet for 7,200. He incurs incidental costs of disposal amounting to 200. The cabinet cost Keith 2,300 in July 2012. Compute the chargeable gain.
-
Today is July 1. You hold a November Treasury bond futures contract with a price of 92:15 (i.e., 92 plus [15/32]), with a delivery date of November 15 in the same year. You have identified the two...
-
The springs have constants k1 and k2 and the masses have positions x1 and x2. Assuming x1 and x2 are zero when the springs are unstretched, find the set of second order differential equations...
-
LastLandfill The owners of LastLandfill Inc. have decided to shut down the firm within one month, because it has no space to receive any more garbage. Accordingly, the firm will sell its assets, pay...
Study smarter with the SolutionInn App