BKC Payroll Procedures

Employer's National Insurance Contribution is deducted from Gross Pay

• False

• True

PAYE is deducted from Gross Pay

• False

• True

Employee's NIC is deducted from Gross Pay

• True

• False

PAYE stands for

• Pay year end

• Pay as year ends

• Pay as you earn

• Pay expenses

NIC stands for

• Not included

• National Insurance Contribution

• New Insurance cooperation

• National Income Contribution

Under the PAYE scheme who pays over the income tax to HMRC?

• Employee

• Employer

• Government

• Inspector of Taxes

Pension Contribution is a not obligatory deductions.

• True

• False

Net Pay consists of:

• Gross Pay - PAYE

• Gross Pay - Employer NIC -Employee NIC

• Gross Pay -PAYE -Employee's NIC

• Gross Pay +Bonus

Accounting for Total Expenses is

• Dr Wages Control Cr Wages Expenses

• Dr Wages Expenses Cr Wages Control

• Dr Wages Expenses Cr Bank

Employer's NIC and Employer's Pension Contribution are not deducted from Gross Pay.

• True

• False