P. Urmston is paid monthly. For June 2012 he earns 1,500 and also receives statutory sick pay

Question:

P. Urmston is paid monthly. For June 2012 he earns £1,500 and also receives statutory sick pay of £150. He pays £90 superannuation which is allowed as a relief against income tax and he has further reliefs (free pay) of £350. The taxable pay is taxed at the rate of 20 per cent on the first £250 and 25 per cent thereafter. He pays National Insurance of £130 for the month. Calculate his net pay for the month.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Frank Woods Business Accounting

ISBN: 9780273759287

12th Edition

Authors: Frank Wood. Sangster, Alan

Question Posted: