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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

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Malinda
6 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!
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Jenise
6 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?
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Lanie
4 months ago
That's true, it definitely makes things easier for the employee. It's like set it and forget it.
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Vi
5 months ago
E) The employee does not have to budget for their tax payments because the tax is deducted at source.
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Josphine
5 months ago
D) The employee does not have to complete a self assessment tax return.
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Maurine
5 months ago
E) The employee does not have to budget for their tax payments because the tax is deducted at source.
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Wilda
5 months ago
B) The employee will avoid being charged penalties for paying late.
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Maurine
5 months ago
D) The employee does not have to complete a self assessment tax return.
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Maurine
6 months ago
B) The employee will avoid being charged penalties for paying late.
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Arleen
6 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.
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Kanisha
5 months ago
I think the convenience of having taxes deducted at source is a game-changer.
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Laticia
5 months ago
It's great not having to worry about budgeting for taxes every month.
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Lindsey
5 months ago
Not having to do a self-assessment return is definitely a time-saver.
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Rebbecca
6 months ago
I agree, avoiding penalties is a huge advantage.
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Tomoko
6 months ago
I also think option B is important. Avoiding penalties for late payments is a big advantage for employees using a PAYE system.
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Thersa
6 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.
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Nakisha
6 months ago
I think option E is an advantage because it saves employees the hassle of budgeting for tax payments.
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Vannessa
6 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!
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Valentin
6 months ago
User 2
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Tegan
6 months ago
User 1
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