SAM, TOM, PETER and PAUL The following scenario relates to Questions 16 to 20. Sam and Tom Sam is one of 2,000 employees of Tom plc. Salary for 2021/22 Benefits per P11D 52,000 6,450 Peter and Paul Peter, a trader, has trading profits of 14,000 for 2021/22. Paul grants Peter a lease to a shop on 30 June 2021. Annual rental Term Premium 8,000 due on 1.7.21 15 years 60,000 Paul uses the accruals basis to calculate his property business profits. Peter prepares accounts to 31 December every year. 16. What amount of national insurance contributions does Sam suffer in the tax year? a. 5,956 b. 4,884 c. 5,048 d. 4,919 17. What amount of national insurance contributions does Tom plc pay in relation to Sam? a. 5,727 b. 5,956 c. 6,846 d. 8,066 18. What would Peter's Class 4 contributions be if his profits were 52,000 for 2021/22? a. 3,663 b. 3,698 c. 4,844 d. 4,919 19. Calculate the property income assessment on Paul for 2021/22. 20. What is the relief available to Peter for the premium paid for his year ended 31 December 2021? L