UK Payslip Terms Quiz

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Questions and Answers

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?

  • Gross pay
  • Net pay
  • Overtime pay
  • Taxable pay (correct)

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?

<p>Net pay (A)</p> Signup and view all the answers

What is the abbreviation for an employee's unique identifier on a UK payslip?

<p>Employee number (D)</p> Signup and view all the answers

What is the primary purpose of an NI number?

<p>To ensure accurate National Insurance Contributions (B)</p> Signup and view all the answers

What is the term for additional hours worked beyond the regular schedule?

<p>Overtime (B)</p> Signup and view all the answers

What does PAYE stand for?

<p>Pay As You Earn (B)</p> Signup and view all the answers

What is a pension?

<p>A long-term savings plan for retirement (D)</p> Signup and view all the answers

What is the purpose of an employee number?

<p>To uniquely identify an employee within a company (D)</p> Signup and view all the answers

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