FPS and EPS Information

FPS and EPS Information

Assessment

Flashcard

Other

12th Grade

Easy

Created by

Amanpreet Kaur

Used 1+ times

FREE Resource

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20 questions

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1.

FLASHCARD QUESTION

Front

Pay information included in an FPS

Back

Salaries of each employee and the net salary being paid to them.

2.

FLASHCARD QUESTION

Front

Deadline to send EPS

Back

By the 19th of the following tax month.

3.

FLASHCARD QUESTION

Front

They must run their payroll using computerised payroll software.

Back

Correct registration requirement for employers.

4.

FLASHCARD QUESTION

Front

Tax on deductions from an employee’s gross pay on which tax is not due.

Back

Tax relief

5.

FLASHCARD QUESTION

Front

The amount an employee receives after all deductions.

Back

Net pay

6.

FLASHCARD QUESTION

Front

A combination of a number and a letter representing how much free pay an employee is entitled to.

Back

Tax code

7.

FLASHCARD QUESTION

Front

Statutory deductions include student loan, PAYE, NIC, and pension.

Back

Statutory deductions are legally required deductions from pay.

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