Calculate the Class 4 NICs payable in each of the following cases: (a) Shawn has trading income
Question:
Calculate the Class 4 NICs payable in each of the following cases:
(a) Shawn has trading income for 2017-18 of £14,880.
(b) Catherine has trading income for 2017-18 of £50,000.
(c) Paul has trading income for 2017-18 of £7,500.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
a 9 x 14880 8164 60444 b9 x 450...View the full answer
Answered By
JOHN NJUGUNA
Brian Nambale is a passionate and flexible freelancer with over 3 years’ experience and expertise in various disciplines. He approaches the writing process with self-motivation and enthusiasm to polish each piece using reliable information and acceptable grammar. Brian graduated with second class honors (upper division) from Kenyatta University with a degree in Biomedical engineering.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
Mark starts his own business on 26 July 2021 and is self-employed for 36 weeks in tax year 2021-22. His trading profit which is assessed to income tax for 2021-22 is 10,590. Calculate the Class 2...
-
Mark starts his own business on 1 August 2017 and is self-employed for 36 weeks in tax year 2017-18. His trading profit which is assessed to income tax for 2017 -18 is 9,250. Calculate the Class 2...
-
FinCorp Inc. is exploring different portfolio allocations between two stocks. Complete the following table. Case1 Case 2 Case 3 Case 4 Case 5 $ invested in stock 1 $ invested in stock 2 Total $...
-
In a manufacturing process that laminates several ceramic layers, 1% of the assemblies are defective. Assume that the assemblies are independent. (a) What is the mean number of assemblies that need...
-
Write the formula of a compound with a negative pK a .
-
The team effectiveness equation states: team effectiveness ____________ (process gains process losses). (a) nature of setting (b) nature of task (c) quality of inputs (d) available rewards.
-
Based on the following description, determine appropriate tests of controls for the companys controls over tangible long-lived assets. A corporation operates a highly automated flexible manufacturing...
-
1 2 3 4 An equation of an ellipse is given. (a) Identify the center of the ellipse. (b) Identify the vertices. (c) Identify the endpoints of the minor axis. (d) Identify the foci. (e) Graph the...
-
(a) Sabrina has two employments throughout 2017 -18. Calculate the ref und of NICs due for the year if her regular monthly earnings from the two employments are: (i) 850 and 1,250 (ii) 2,000 and...
-
(a) Alison has been self -employed for many years. Her profit for tax year 2017 -18 is 5,600. Is she liable to pay Class 2 NICs for the year? (b) Amanda starts her own business on 1 June 2017 and is...
-
Each of the matrices in Problem is the result of performing a single row operation on the matrix A shown below. Identify the row operation. -3 %3D 6. -3 12
-
What is the common difference, the general term equation, and the 12th term of the arithmetic sequence? E --5 +-6 +-7 +9 --10 +11 +12 +-13 -14 Hint: a = a + d(n-1), where a is the first term and d is...
-
In 2024, Space Technology Company modified its model Z2 satellite to incorporate a new communication device. The company made the following expenditures: Basic research to develop the technology...
-
Describe a time when a product or service was marketed to you through mobile marketing. Why do you consider this to be a mobile marketing strategy? Support your thinking with evidence from additional...
-
An approach to tactics building the team you need to accomplish this goal and helping to secure buy-in from your team and your chain of command (everyone has a boss!), which also addresses potential...
-
An analytical chemist is titrating 85.9 mL of a 0.2100 M solution of aniline (CH NH) with a 0.07300 M solution of HNO3. The pK, of aniline is 9.37. Calculate the pH of the base solution after the...
-
For each company, calculate the missingamount. Sales Cost of Operating Company Lennon Harrison McCartney Starr Revenue Goods Sold Gross Profit Expenses Net Income S3,500 6,000 $18,000 20,000 13,000...
-
What can you do to reduce hunger where you live? To reduce hunger globally?
-
In January 2021 Karl sells a one-quarter interest in a chattel for 2,500. On the date of this sale, the remaining three-quarters interest is valued at 8,500. The chattel had cost Karl 3,850 in...
-
In September 2020 Kevin sells a drawing for 2,000. He bought the drawing in February 2014 for 50,000 when it was thought (incorrectly) to be by a famous artist. Compute the allowable loss.
-
In October 2020 Keith sells an antique cabinet for 7,200. He incurs incidental costs of disposal amounting to 200. The cabinet cost Keith 2,300 in July 2012. Compute the chargeable gain.
-
During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: Sales (@ $62 per unit) Year 1 Year 2 $ Cost of goods sold (@ $43 per unit) Gross...
-
1. The numbers in cells B18 to B20 should be formulas that refer to B15. This allows the number of cases to be changed in cell 815 with the other cells changing automatically. Exce2. The formula in...
-
Based on the following transactions, answer the following questions. i. Purchased inventory with a cost of $28,300 on account. ii. Sales on account to customers totalled $54,700. iii. Payments made...
Study smarter with the SolutionInn App