Introduction To Payroll Systems - Qp3

11 Questions | Total Attempts: 2510

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Introduction To Payroll Systems - Qp3

Questions and Answers
  • 1. 
    PAYE is the process by which employers deduct income tax from the wages and salaries of their employees and pay over to HMRC.
    • A. 

      True

    • B. 

      False

  • 2. 
    The tax year starts on 7 April and ends on the following 6 April.
    • A. 

      True

    • B. 

      False

  • 3. 
    The PAYE code is constructed by adding together the reliefs and allowances, and deducting restrictions for benefits.
    • A. 

      True

    • B. 

      False

  • 4. 
    If the figure for tax payable this payday is negative, this means that a refund is due to the employee.
    • A. 

      True

    • B. 

      False

  • 5. 
    The National Insurance scheme is run by Department for Work and Pensions but the payment of benefits is administered by the HMRC.
    • A. 

      True

    • B. 

      False

  • 6. 
    All employees whose earnings are not less than a certain amount pay national insurance contributions - no exceptions.
    • A. 

      True

    • B. 

      False

  • 7. 
    Employers’ NI contributions are an extra cost to the employer. They must be deducted from the employee’s pay.
    • A. 

      True

    • B. 

      False

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