Personal Tax Practice Assessment 1 - Task 1.7
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Nataliedory
Registered Posts: 26
in Personal Tax
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)
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)
0
Comments
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(£43,000 - £8,060) x 12% = £4,192
(£58,000 - £43,000) x 2% = £300
£4,192 + £300 = £4,4921
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