Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

CIMA Exam CIMAPRA19-F01-1 Topic 5 Question 100 Discussion

Actual exam question for CIMA's CIMAPRA19-F01-1 exam
Question #: 100
Topic #: 5
[All CIMAPRA19-F01-1 Questions]

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.

Show Suggested Answer Hide Answer
Suggested Answer: B, D, E

by Launa at Sep 15, 2024, 12:22 PM

Limited Time Offer

25%

Off

Get Premium CIMAPRA19-F01-1 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Malinda
4 months ago
Ha, the employee doesn't have to 'deal with the tax authority directly'? What, are they going to send the tax collector to your house for a friendly chat? I'm all for B, D, and E!
upvoted 0 times
...
Jenise
4 months ago
I'd go with B, D, and E. The employee doesn't have to worry about a thing, it's all taken care of. Although, I'd be careful not to spend that tax money before it's deducted, you know?
upvoted 0 times
Lanie
2 months ago
That's true, it definitely makes things easier for the employee. It's like set it and forget it.
upvoted 0 times
...
Vi
2 months ago
E) The employee does not have to budget for their tax payments because the tax is deducted at source.
upvoted 0 times
...
Josphine
3 months ago
D) The employee does not have to complete a self assessment tax return.
upvoted 0 times
...
Maurine
3 months ago
E) The employee does not have to budget for their tax payments because the tax is deducted at source.
upvoted 0 times
...
Wilda
3 months ago
B) The employee will avoid being charged penalties for paying late.
upvoted 0 times
...
Maurine
3 months ago
D) The employee does not have to complete a self assessment tax return.
upvoted 0 times
...
Maurine
3 months ago
B) The employee will avoid being charged penalties for paying late.
upvoted 0 times
...
...
Arleen
4 months ago
Definitely B, D, and E. Avoiding penalties and not having to do a self-assessment return? Sign me up! Oh, and not having to budget for taxes? That's just pure convenience.
upvoted 0 times
Kanisha
3 months ago
I think the convenience of having taxes deducted at source is a game-changer.
upvoted 0 times
...
Laticia
3 months ago
It's great not having to worry about budgeting for taxes every month.
upvoted 0 times
...
Lindsey
3 months ago
Not having to do a self-assessment return is definitely a time-saver.
upvoted 0 times
...
Rebbecca
3 months ago
I agree, avoiding penalties is a huge advantage.
upvoted 0 times
...
...
Tomoko
4 months ago
I also think option B is important. Avoiding penalties for late payments is a big advantage for employees using a PAYE system.
upvoted 0 times
...
Thersa
4 months ago
I agree with Nakisha. Option E makes it easier for employees to manage their finances without worrying about setting aside money for taxes.
upvoted 0 times
...
Nakisha
4 months ago
I think option E is an advantage because it saves employees the hassle of budgeting for tax payments.
upvoted 0 times
...
Vannessa
4 months ago
I think options B, D, and E are the obvious advantages for employees. I mean, who wants to deal with the tax authority directly or calculate their own taxes? No, thanks!
upvoted 0 times
Valentin
4 months ago
User 2
upvoted 0 times
...
Tegan
4 months ago
User 1
upvoted 0 times
...
...

Save Cancel