CIMA Exam CIMAPRA19-F01-1 Topic 1 Question 16 Discussion

Actual exam question for CIMA's CIMAPRA19-F01-1 exam

Question #: 16
Topic #: 1

DEF is considering introducing a Pay-As-You-Earn (PAYE) system but unsure of the advantages of using it.

Which of the following statements are advantages from the employees perspective of an entity using a PAYE system for collecting taxes from employees.

Select ALL that apply.

AThe employee will be able to deal with tax authority directly to make payments.

BThe employee will avoid being charged penalties for paying late.

CThe employee will calculate their own tax payment.

DThe employee does not have to complete a self assessment tax return.

EThe employee does not have to budget for their tax payments because the tax is deducted at source.

Show Suggested Answer

Suggested Answer: B, D, E

by Mona at May 05, 2022, 06:23 AM

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