Finance · Guided Practice
Deductions
11 questions with answers and video solutions. Try each one before revealing the answer.
She pays of her salary into a pension.
Calculate her annual pension contribution.
Answer
His total monthly deductions are .
Calculate his monthly net pay.
Answer
National Insurance is calculated on a person's salary before deductions such as pension contributions.
Annual National Insurance rates:
Up to :
From to :
Calculate Ruth's annual National Insurance payment.
Answer
Annual National Insurance rates:
Up to :
From to :
Over :
Calculate Callum's annual National Insurance payment.
Answer
Her annual income tax is and her annual National Insurance is .
She also pays of her salary into a pension.
Calculate her monthly net pay.
Answer
Each week he pays income tax and National Insurance.
He also pays of his gross pay into a pension.
Calculate his weekly net pay.
Answer
John works for the resurfacing company. His annual salary is £17,108. National Insurance is calculated on a person's salary before deductions such as pension contributions.
| National Insurance rates | |
|---|---|
| Up to £8,424 | 0% |
| From £8,424 to £46,384 | 12% |
| Over £46,384 | 2% |
(c)(i) Calculate John's annual National Insurance payment.
John pays 7% of his annual salary into his pension. John's annual income tax is £1051.60.
(c)(ii) Calculate John's annual net pay.
Answer
(c)(i) £1042.08
(c)(ii) £13,816.76
Paula's annual salary is £54,890. National insurance is calculated on a person's salary before deductions such as pension contributions.
| Annual national insurance rates | |
|---|---|
| Up to £8632 | 0% |
| From £8632 to £50,000 | 12% |
| Over £50,000 | 2% |
(a) Calculate Paula's annual national insurance payment.
Paula pays 8.7% of her annual salary into her pension. Her annual income tax is £8204.37. She is paid in 52 weekly payments.
(b) Calculate Paula's weekly net pay.
Answer
(a) £5061.96
(b) £708.62
Laura earns £40,560 per annum.
National Insurance is calculated on a person's salary before deductions such as pension contributions.
| National Insurance rates | |
|---|---|
| Up to £9568 | 0% |
| From £9568 to £50,270 | 12% |
| Over £50,270 | 2% |
Calculate her annual National Insurance payment.
Answer
£3719.04
(a) Akira has an annual salary of £35,670.
National Insurance is calculated on a person's salary before deductions.
| Annual National Insurance rates | |
|---|---|
| Up to £12,584 | 0% |
| From £12,584 to £50,284 | 12% |
| Over £50,284 | 2% |
Calculate Akira's annual National Insurance payment.
(b) Akira pays 9.4% of her annual salary into her pension.
Her annual income tax is £3994.42.
She is paid in 52 weekly payments.
Calculate Akira's weekly net pay.
Answer
(a) Amount taxed at 12% = £35,670 - £12,584 = £23,086
National Insurance =
(b) Pension contribution =
Total deductions = £2770.32 + £3352.98 + £3994.42 = £10,117.72
Net annual pay = £35,670 - £10,117.72 = £25,552.28
Weekly net pay =
Allana earns £800 gross pay per week.
National Insurance is calculated on a person's pay before deductions such as pension contributions.
| National Insurance rates per week | |
|---|---|
| Up to £242 | 0% |
| From £242 to £967 | 8% |
| Over £967 | 2% |
(a) Calculate Allana's weekly National Insurance payment.
Allana pays 7.5% of her gross pay into her pension.
Allana's weekly income tax is £92.06.
(b) Calculate Allana's weekly net pay.
Answer
(a) £44.64
(b) £603.30