
Payroll
Authored by Joshua Hodo
Professional Development
12th Grade

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who needs to register PAYE?
Only businesses with more than 10 employees
Individuals or businesses employing one or more employees
Only individuals working as freelancers
Businesses with annual earnings over £10,000
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the Lower Earnings Limit (LEL) for Class 1 NIC per week?
£100
£150
£120
£200
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens after PAYE registration?
The business receives a tax refund
HMRC issues an employer reference number
The business is exempt from taxes
The business can hire more employees
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What information is needed about the workforce during registration?
Number of employees including Directors
Number of part-time employees
Number of contractors
Number of interns
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a voluntary deduction?
PAYE
Employee Pension Contribution
Student loan repayments
Employer NIC
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of software might be available for employers with less than 10 employees?
Free software
Premium software
Custom software
Open-source software
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
For what purpose can a P60 form be used in a loan application?
Proving income
Proving identity
Proving residence
Proving employment history
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