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Questions and Answers
What is the abbreviation for National Insurance Contributions on a UK payslip?
What is the abbreviation for National Insurance Contributions on a UK payslip?
- PAYE
- NI
- NIC (correct)
- TD
What is the term for the amount of pay on which income tax is calculated?
What is the term for the amount of pay on which income tax is calculated?
- Gross pay
- Net pay
- Overtime pay
- Taxable pay (correct)
What is the purpose of a tax code on a UK payslip?
What is the purpose of a tax code on a UK payslip?
- To determine the employee's overtime rate
- To determine the employee's pension contribution
- To determine the employee's income tax rate (correct)
- To determine the employee's National Insurance Contributions
What is the term for the amount of pay an employee takes home after deductions?
What is the term for the amount of pay an employee takes home after deductions?
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What is the abbreviation for an employee's unique identifier on a UK payslip?
What is the abbreviation for an employee's unique identifier on a UK payslip?
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What is the primary purpose of an NI number?
What is the primary purpose of an NI number?
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What is the term for additional hours worked beyond the regular schedule?
What is the term for additional hours worked beyond the regular schedule?
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What does PAYE stand for?
What does PAYE stand for?
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What is a pension?
What is a pension?
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What is the purpose of an employee number?
What is the purpose of an employee number?
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