I really cant explain how amazing you are i understood the part 1&2 and never come out in my head really thanks but please and please can you please do the other parts too ? and soon please , it will be really helpful
Thank you very much for this video, I've really been struggling with this task, no matter how many times read my learning material I just couldn't fully understand it until now, you made it so easy to process!!! It was very helpful
wage expense = gross pay + Employer NIC + Employer pension ( basically everything the business pays to keep you ) Net pay = Gross pay - Paye - Employee's NIC - Pension ( basically everything you pay out before you get your nice paycheck in the bank) HRMC = All PAYE + NIC from both employer and employee
@@jacktheman2360 PAYE IS income tax that is due from employees and us collected by employers using PAYE ( pay as you earn) which is deducted from there pay. The employers then pay this to HMRC on a monthly basis.
Where are the rest of the parts?
can you please upload the rest of the tasks?
Thank you so much for this! My exam is later today and this video has helped me so much!
I really cant explain how amazing you are i understood the part 1&2 and never come out in my head really thanks but please and please can you please do the other parts too ? and soon please , it will be really helpful
YOU ARE THE BEST !! can you guys PLEASE upload the rest of the topics
Thank you very much for this video, I've really been struggling with this task, no matter how many times read my learning material I just couldn't fully understand it until now, you made it so easy to process!!! It was very helpful
The net pay should be Gross-employee NI-tax-trade. The employer NI is not deducted from employee....
I’m glad you pointed this out as that’s what I thought too
hi can you please upload the rest of the task .i really like the way you explain it .thank you
really thorough explanations... thanks for the video
Is the rest of the topic covered?
You don't subtract employers NI.
Great teacher!
confuse wages account 52596+17004+630= 70230 by calaculator but u said 70560 how this possible
How do you calculate the wages expense, HMRC liabilities and the Net pay???
wage expense = gross pay + Employer NIC + Employer pension ( basically everything the business pays to keep you )
Net pay = Gross pay - Paye - Employee's NIC - Pension ( basically everything you pay out before you get your nice paycheck in the bank)
HRMC = All PAYE + NIC from both employer and employee
@@gigglesfits I'm an idiot, what do you mean by paye
@@jacktheman2360 Pay as you earn
@@jacktheman2360 PAYE IS income tax that is due from employees and us collected by employers using PAYE ( pay as you earn) which is deducted from there pay. The employers then pay this to HMRC on a monthly basis.