Home For AAT student members AQ 2016 Professional Diploma in Accounting Personal Tax

Personal Tax Practice Assessment 1 - Task 1.7

NataliedoryNataliedory AAT Student Posts: 26
Help again please!
Can someone please explain how AAT get to the answer of £4492 for question The total class 1 National Insurance contributions payable by Jonny in 2016/17 when he recieved a gross salary of 58,000 and benefits in kind of £6850 (which cannot be converted into cash)

Comments

  • hal978hal978 LondonMAAT, AAT Licensed Accountant Posts: 198
    (£43,000 - £8,060) x 12% = £4,192
    (£58,000 - £43,000) x 2% = £300
    £4,192 + £300 = £4,492
    Nataliedory
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