BUISENESS MANAGEMENT
TAXES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is National Insurance?
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additional tax when selling second homes or buy-to-let properties
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a tax on earnings and self-employed profits
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a tax levied directly on personal income
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a tax set by local authorities to meet their budget requirement
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Explanation:
Detailed explanation-1: -Calculated as 9.73% on self-employment profits above the Lower Profits Limit, and at 2.73% above an upper limit (see below for an exception). Is there a minimum level of profits before you pay NIC?
There is 1 question to complete.