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Ask the Tutor ACCA TX-UK

NIC

IIlham2y ago
What figure do we use for the NIC Class 1 Contribution of Employee and Employer? Is it just the employment income or on the benefits as well?
JJill2y ago#1
The notes cleary state cash earnings for class 1 NIC and Class 1A for benefits
IIlham2y ago#2
Does that also include dividend income if the person is a director of the company?
JJill2y ago#3
Really??? Dividends are an investment income - come on!
IIlham2y ago#4
so its basically just the gross salary of the employee? and for class 4 its just the trading profits/property income? also i apologize, it seems instead of making my concepts clearer, the bpp kit has confused me even more
JJill2y ago#5
How did the exam go?
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