FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Explain the fuel benefit and the income tax and national insurance contributions consequences of an employer paying for the cost of an employees private fuel

Explain the fuel benefit and the income tax and national insurance contributions consequences of an employer paying for the cost of an employees private fuel when using a petrol driven company car registered cost 20,000 with a C02 emission of 137 grams per kilometre and how this charge might be avoided. Provide a detailed answer.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Principles

Accounting Principles

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

9th Edition

978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475

More Books

Students also viewed these Accounting questions

Question

★★★★★
Shaving>makeup mirrors typically have one flat and one concave (magnifying) surface. You find that you can project a magnified image of a lightbulb onto the wall of your bathroom if you hold the...

Answered: 1 week ago

Question

★★★★★
Random price movements indicate ________. a. that markets are functioning efficiently b. that prices cannot equal fundamental values c. irrational markets d. that technical analysis to uncover trends...

Answered: 1 week ago

Question

★★★★★
1. Sailboats Etc. is a retail company specializing in sailboats and other sailing-related equipment. The following table contains financial forecasts as well as current (month 0) working capital...

Answered: 1 week ago

Question

★★★★★
Flanagan Company reports the following for the month of June. Instructions(a) Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual...

Answered: 1 week ago

Question

★★★★★
Explain the fuel benefit and the income tax and national insurance contributions consequences of an employer paying for the cost of an employees private fuel when using a petrol driven company car...

Answered: 1 week ago

Question

★★★★★
The Selected Space Searching and Survey System is considering two projects for the same piece of property. They can build a Landing Vehicle (Project "L") or they can build a Survey Spacecraft...

Answered: 1 week ago

Question

★★★★★
Customer Lifetime Value A cable TV business has a single subscription cost of $150 per year with a gross margin of 20%. All subscriptions are renewed at the end of the year. If the customer retention...

Answered: 1 week ago

Question

★★★★★
Problem 3.(20 points) In this problem, you will investigate building a decision tree for a binary classification problem. The training data is given in Table 1 with 16 instances that will be used to...

Answered: 1 week ago

Question

★★★★★
The molar mass of OH is 17.008 g mol Please complete the following table. For each of your trials, calculate the mmol HCI neutralized per antacid tablet, the equivalent gram OH per gram antacid, and...

Answered: 1 week ago

Question

★★★★★
Part 1 1. If the average salary in New York, NY is $200,000.00, do the employees at Company X make a significantly different amount than the rest of New York workers? 2. Write your results in APA...

Answered: 1 week ago

Question

★★★★★
Consider an economy with two people, Henry and Catherine, who consume two commodities, bread and water. Suppose that, due to a drought, the authorities decide to allocate exactly half the available...

Answered: 1 week ago

Previous Question Next Question