National Payroll Week gives us an excuse to share some payroll facts and figures with you, and the opportunity for you to win a prize.
Simply answer the 10 questions and email your answers to email@example.com. There’s a prize for the first three with all 10 answers correct.
- What is the basic rate percentage of Income Tax?
- In payroll terms, if you have been ‘Auto Enrolled’, what have you joined?
- Must you be paid for taking part in strike action days?
- Including a standard tax free allowance, how much can you earn up to before entering the 40% tax bracket? (to the nearest £1,000)
- According to research by the Chartered Institute of Payroll Professionals, what percentage of the population admits to not having a pension? Is it 9%, 29% or 49%?
- What is the difference between having a ‘D’ or an ‘A’ National Insurance code?
- What is the difference between Gross and Net Pay?
- What is the more common name given to a statement of earnings issued to taxpayers at the end of a tax year?
- What are the two main on-costs associated with paying an employee’s salary?
- What does PAYE stand for?