Sunday, October 05, 2008

Gross Pay, Nett Pay etc.

Work through the LTS Online resource on Gross Pay, Nett Pay etc. Although this is dated it is still useful. Work out the answers to the questions yourself on paper before clicking 'reveal'.

Long time .. No see

It seems like ages since we did Standard Deviation .. Can you remember it?
Here is a question..
The number of hours worked by a part time Care Assistant each day is
4 5 6 5 5

(a) What is the average (mean)number of hours worked?
(b) What is the Mode?
(c) What is the Range?
(d) What is the Standard Deviation?

Income Tax

Clicking here or on the title above will take you directly to the current allowances and rates for Income Tax.
What is the Personal Allowance at the moment?

If someone earns £7200 per annum, how much tax do they pay in the year 2007/2008? How much would they pay in 2008/2009?

In 2007/8 a care assistant earns £14,000 per annum, some of her tax is at the 'starting rate' and the remainder is paid at the 'basic rate'. How much tax does she pay? What is her net pay?
There was an uproar when the Chancellor announced changes to the tax rules so that there was no 'starting rate'. Why?