Forums › ACCA Forums › ACCA TX Taxation Forums › How to work out exact weeks between dates during exam?
- This topic has 7 replies, 5 voices, and was last updated 13 years ago by richieinspain.
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- May 15, 2011 at 10:36 am #45917
Hi
Does anyone know how to work out exact weeks between dates for calculating Class 2 NIC during exam? For example, trading starts from 30 April 2010, and ending on 30 August 2010, how may weeks exactly?
Many thanksMay 15, 2011 at 10:51 am #70472You don’t have to calculate in days you can do the calculation in months. So in your question it wil be 4 months.
Hope this helpsMay 15, 2011 at 8:23 pm #70473Sorry.Class 2 NIC is not monthly base. It is weekly base.
May 17, 2011 at 10:54 pm #70474Hi, you are right about the weeks.
31 days – in May
30- June
31-July
31-Aug
= 31*3+30=123days/7=17.57
so you can round it up or down.
so roughly 17 weeks or 18 weeks. we will be fine if we give either numbersMay 18, 2011 at 11:29 am #70475AnonymousInactive- Topics: 7
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assume 52 weeks a year, so in your example it is 4 months:
4/12 x 52 = 17,3333333333
so 17.
May 19, 2011 at 4:25 pm #70476I am aware that Class 2 is in reality calculated in weeks but for the EXAM you can do in months as the annual figure is £125. Just prorate so 4 months is 4/12 x 125 = £42
Approx same as 17 x 2.40 = £41May 25, 2011 at 9:39 pm #70477Yes superwomen is correct… According to Kaplan all workings should be done to the nearest month
May 25, 2011 at 9:40 pm #70478Yes superwomen is correct… According to Kaplan all workings should be done to the nearest month
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