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Author working out tax
3CorsaMeal
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Registered: 11th Apr 02
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27th May 03 at 10:38   View User's Profile U2U Member Reply With Quote
how do u work out how much tax u pay, how much on £1660?
Lisa
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Registered: 6th Apr 00
Location: Euxton, Lancashire
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27th May 03 at 10:46   View User's Profile U2U Member Reply With Quote
depends how long it takes you to earn the £1660 is it a month, a week or a year
kinkycorsa
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Registered: 19th Feb 03
Location: Bristol
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27th May 03 at 10:56   View User's Profile U2U Member Reply With Quote
i usually take 25% off for National Insurance and Tax then i usually get a lil bit more. But all depends what tax band ur in. So would depend like vauxgirl said on if thts a wk/month or year
3CorsaMeal
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27th May 03 at 10:56   View User's Profile U2U Member Reply With Quote
a month,
3CorsaMeal
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Registered: 11th Apr 02
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27th May 03 at 10:57   View User's Profile U2U Member Reply With Quote
just feel like i being stitched, boss is a bit sly and i wouldn't put it past him
kinkycorsa
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Registered: 19th Feb 03
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27th May 03 at 10:58   View User's Profile U2U Member Reply With Quote
so round about 20K a yr > i think that puts u in lower tax band so taking of NI and tax u will prob get just above £1245 i reckon
3CorsaMeal
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27th May 03 at 10:59   View User's Profile U2U Member Reply With Quote
Well i got £1265, so guess thats about right, better stop being moody with the boss then
kinkycorsa
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Registered: 19th Feb 03
Location: Bristol
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27th May 03 at 11:00   View User's Profile U2U Member Reply With Quote
lol yeah thats sounds about right > mayb i should charge for my services next time or become an accountant

[Edited on 27-05-2003 by kinkycorsa]
3CorsaMeal
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Registered: 11th Apr 02
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27th May 03 at 11:08   View User's Profile U2U Member Reply With Quote


accountants must have an easy job, once u got the formulas u can just plug in different numbers and press return, let a computer do it....
kinkycorsa
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Registered: 19th Feb 03
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27th May 03 at 11:09   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by 3CorsaMeal


accountants must have an easy job, once u got the formulas u can just plug in different numbers and press return, let a computer do it....


i did that 1 all by my self actually!!
3CorsaMeal
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27th May 03 at 11:13   View User's Profile U2U Member Reply With Quote
i believe ya just thinking it must be an easy career..
Robbo
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Location: London
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27th May 03 at 12:22   View User's Profile U2U Member Reply With Quote
im an acct and i do the payroll where i work as well

u take ur annual salary and deduct ur tax code ie 4615 (the basic code) then the 1st £1960 is @ 10% and then between £1961 and £30500 is @ 22% (Kindness - 23% was in like 1997!!!!) then above that its 40%

NI, if ur paid mthly any earnings between £4004 and £30940 r @ 11%. ALL earnings above £30940 r also subject to 1% NI Sucks 2 be rich

Its all then complicated by Penison schems, contributions, SAYE, GAYE etc etc
Robbo
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Registered: 6th Aug 02
Location: London
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27th May 03 at 12:22   View User's Profile U2U Member Reply With Quote
and yes, its an easy career and yes it pays very very well, jus ask Donna!

 
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