Homework 2 - Payments

Which of these would be something that adults usually have to pay for, so they have a place to live?

• Rent/ Mortgage

• Wages

• Electricity

• Advertising

Income tax is the tax we pay to the government based on the amount of money we earn. Which of these services would the government provide using the tax they collect?

• Health Service

• Cinemas

• KFC

• McDonalds

Income tax is the tax we pay to the government based on the amount of money we earn. Which of these services would the government NOT provide using the tax they collect?

• Football Training

• The Military

• The Police

• The Fire Service

• Libraries

What is National Insurance?

• It's money the government keeps aside for a rainy day

• It's an insurance policy the country takes out in case of war

• National Insurance is a tax on earnings and self-employed profits.

Which of these is a reason you should keep your payslips and not throw them away?

• They are non-recyclable

• You won't get paid

• They have private personal information on them

• It's illegal

Which of these is are shown on a payslip?

• Tax information

• Your salary/ wages for that month

• Your National Insurance Number

• The amount you have made so far that year

• All of these

Which of these would a payslip be useful for?

• Applying for a mortgage

• Proof of pension deductaions

• Applying for tax returns

• Proof of earnings

• All of these