Can anyone help me understand where I am going wrong with the following 3 questions: They are all incorrect, and I just can't see why??
1. Working out repayments of Student loans.
Ex student on £33k/year
Plan1: 33,000 /12 = £2750 – 1457 (16/17) threshold = 1293 x 9% = £116.37/month repayment
Plan 2: 33,00/12 = £2750 – 1750 (16/17) threshold = 1000 x 9% = £90.00/montrh repayment
And
2. director earning £3,000 per month using cumulative method.
Employers NIC’s for 3 rd month
3 months salary 9000 – 8112 = 888 x 13.8% = £90.00
And
3. Medical insurance premium a month is £52.00. Employers NIC's if employee earnings are high and is into the 40% bracket.
£52.00 x 12 = £624 x 13.8% = £86.11 per month.
Many thanks
Susie.
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