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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › NIC (National Insurance Contribution)
Class 1 NIC Primary and Secondary both are calculated on the basis of cash earnings can you please write a list of all cash earnings.
Thanks A lot
The main ones you will have to deal with are quite simply salary, wages, commission and bonuses received, but would also include such things as:
– payment for travel between home and work
– mileage allowance paid above the 45p / mile approved rate
– sick pay
– vouchers exchangeable for cash or goods
thanks a lot