
Money Matters
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Professional Development
Professional Development
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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a tax code?
A code number showing the tax-free part of your pay
A code that says how much NI contributions you will make
A code used to identify people who are not paying tax
It is not important to know your tax code
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you are self employed you do not get a payslip unless you are employed by an agency
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Your personal allowance is
£12570
£1150
£12000
£10500
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The basic tax rate is
15%
20%
25%
1%
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Higher rate tax is
30%
50%
40%
45%
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
National Insurance (NI) contributions are collected to build up
State Pension and Maternity allowance
Council tax contributions
Life insurance
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many main classes of National Insurance are there?
2
4
6
8
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