Question

how is employer levy raised.who raises the levy

how is employer levy raised.who raises the levy

Homework Answers

Answer #1

The levy due by an employer is paid to HMRC through the Pay-as-you-earn (P.A.Y.E) process alongside payment of Income Tax and National Insurance contributions and is held in a 'digital fund' that employer can use to pay for apprenticeship training. A 10% contribution is added to each monthly payment.

Levy has two potential economic effects: depending on how they raise funds, and how these funds are spent. On the fund raising side, a levi acts like a wage tax, but it can have distributional incentive effects according to the fund raising rules.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Carson Holiday has a federal tax levy of $4,154.00 against him. If Holiday is single with...
Carson Holiday has a federal tax levy of $4,154.00 against him. If Holiday is single with four personal exemptions and had a take-home pay of $1,060.00 this week, how much would his employer take from his pay to satisfy part of the tax levy?
Carson Holiday has a federal tax levy of $4,291.00 against him. If Holiday is married with...
Carson Holiday has a federal tax levy of $4,291.00 against him. If Holiday is married with four personal exemptions and had a take-home pay of $1,110.00 this week, how much would his employer take from his pay to satisfy part of the tax levy? Round intermediate calculations and your final answer to the nearest cent. $
For the purpose of the Medicare Levy Surcharge, what are reportable superannuation contributions and reportable fringe...
For the purpose of the Medicare Levy Surcharge, what are reportable superannuation contributions and reportable fringe benefits, and how do these amounts effect the calculation of the Medicare Levy Surcharge? What is Goods & Services Tax (GST) and how does the GST effect the preparation of an income tax return? List and describe the key sources of information and data required to calculate taxable income country: Australia
Why does the government choose to levy taxes?
Why does the government choose to levy taxes?
Calculate the Medicare levy and Medicare levy surcharge payable for the year ended 30 June 2018...
Calculate the Medicare levy and Medicare levy surcharge payable for the year ended 30 June 2018 for the following taxpayers: (a) An Australian resident, aged 25 years, with a taxable income of $18,000. (b) An Australian resident, eligible for a Seniors tax offset, with a taxable income of $32,000. (c) An Australian resident, aged 45 years, with a taxable income of $45,000. (d) A taxpayer who is not a resident for tax purposes, with a taxable income of $45,000. 1...
7. [5] How is it that burning fossil fuels raises the temperature on the Earth. Explain...
7. [5] How is it that burning fossil fuels raises the temperature on the Earth. Explain as fully as you can.
The government raises income taxes. How might this impact the economy from a microeconomic & macroeconomic...
The government raises income taxes. How might this impact the economy from a microeconomic & macroeconomic perspective?   
On a Manitoba payroll of $1,675,000.00, calculate the Health and Post-secondary education tax levy.
On a Manitoba payroll of $1,675,000.00, calculate the Health and Post-secondary education tax levy.
If the government raises the minimum wage to $20 an hour, how will is affect employers,...
If the government raises the minimum wage to $20 an hour, how will is affect employers, employees, consumer and the overall economy? In answering this question please Google and view the Youtube Video with the caption, Labor Markets & Minimum Wage: Crash Course for insights.
Suppose the economy is producing at the natural rate of output and the government levy a...
Suppose the economy is producing at the natural rate of output and the government levy a tax on production. Everything else held constant, this policy action will cause ________ in the unemployment rate in the short run and ________ in inflation in the short run.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT