PAYE and NIC deductions from employees, until remitted, are accounted for as: (a) An income (b) An

Question:

PAYE and NIC deductions from employees, until remitted, are accounted for as:
(a) An income
(b) An expense
(c) A liability
(d) An asset

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

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

See More Books

Question Posted: Aug 31, 2023 02:26 AM

See More Questions

PAYE and NIC deductions from employees are normally required to be remitted to HMRC at: (a) Weekly intervals (b) Monthly intervals (c) Quarterly intervals (d) Half yearly intervals
Carol Harris, Ph.D, CPA, is a single taxpayer and she lives at 674 Yankee Street, Durham, NC 27409. Her Social Security number is 793-52-4335. Carol is an Associate Professor of Accounting at a local...
Start of Payroll Project 7-3a October 9, 20-- No. 1 The first payroll in October covered the two workweeks that ended on September 26 and October 3. This payroll transaction has been entered for you...
1-Kristen prefaces her speech by talking about her inability to save or invest money. For that reason, she does her speech on an online money management course and focuses on the skills she learned...
Assume that Wrigley Juice is owned by Calvin as a sole proprietorship. Explain the effect of Wrigleys results on Calvins tax return. Wrigley Juice has the following income, expense, and loss items...
What roles do power and politics play in the current situation?
How are social media integrated into the LA Galaxys marketing strategy?
Consider a hedge fund whose annual fee structure has a fixed fee and an incentive fee with a high-water mark provision. The fund manager earns an incentive fee only if the fund is above the...
Preston Concrete is a major supplier of concrete to residential and commercial builders in the Pacific Northwest. The company's general pricing policy is to set prices at $121 per cubic yard....
HMRC allocates a PAYE Code to each employee so that: (a) The employees pay may be determined according to family circumstances (b) The employees tax deductions may take account of tax allowance and...
Which of the following are statutory payroll deductions in the UK? (i) Save as you earn (SAYE) (ii) Pay as you earn (PAYE) (iii) Pension contribution (iv) National Insurance contribution ai & ii bi,...
The origin of an $x$ axis is placed at the center of a nonconducting solid sphere of radius $R$ that carries a charge $q_{\text {sphere }}$ distributed uniformly throughout its volume. A...
21. How a degradation process is modeled? 22.Give the homogenity property in Linear Operator 23. Give the relation for degradation model for continuous function 24.which is called the superposition...
28. Define Gray-level interpolation 29. What is meant by Noise probability density function? 30. Why the restoration is called as unconstrained restoration? 31. Which is the most frequent method to...
34. Give the relation for guassian noise 35. Give the relation for rayleigh noise 36. Give the relation for Gamma noise 37. Give the relation for Exponential noise 38. Give the relation for Uniform...
41. What is pseudo inverse filter? 42. What is meant by least mean square filter? 43. Give the difference between Enhancement and Restoration PART-B 1. Discuss different mean filters
1.Discuss different mean filters 2. Draw the degradation model and explain. 3.Write short notes on Median Filters
Name two research designs in which related samples are selected.
A researcher reports a significant two-way between-subjects ANOVA, F(3, 40) = 2.96. State the decision to retain or reject the null hypothesis for this test.
Barbara was divorced two years ago. However, the final property settlement and determination of alimony payments was not made until February 2017 because of extended litigation. Barbara received a...
Lean Corporation was incorporated in 2011 by Bruce Smith, who has served as an officer and member of the Board of Directors. Carl Jones has served as the secretary-treasurer of the company as a...
Explain how committee reports can be used in tax research. What do they indicate?
Los datos de la columna C tienen caracteres no imprimibles antes y despus de los datos contenidos en cada celda. En la celda G2, ingrese una frmula para eliminar cualquier carcter no imprimible de la...
Explain impacts of changing FIFO method to weighted average method in inventory cost valuations? Explain impacts of changing Weighted average method to FIFO method in inventory cost valuations?...
A perpetuity makes payments starting five years from today. The first payment is 1000 and each payment thereafter increases by k (in %) (which is less than the effective annual interest rate) per...

PAYE and NIC deductions from employees, until remitted, are accounted for as: (a) An income (b) An

Question:

Step by Step Answer:

c ...View the full answer

Financial Accounting An Introduction

Students also viewed these Business questions