Wages Quiz


For a bit of fun, answer a series of questions to find your money personality type. It's not very scientific but it should give you an insight into how you feel about money.

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  • 1) National Insurance Contributions pay for...
  • Protection against redundancy
  • The NHS and Government
  • The NHS, entitlement to State Pension and Benefits
  • The Inland revenue
  • 2) PAYE stands for
  • Pay All Year Ending
  • Pay As You Eat
  • Pay As You Earn
  • Pay After You Exit
  • 3) Your tax code tells you....
  • How much Income tax you have to pay this year
  • How much you can earn before paying income tax
  • How much Income Tax you paid last year
  • How much Income Tax you can get refunded
  • 4) A tax code of 944L allows you to earn how much before paying tax....
  • £944 per year
  • £9.44 per year
  • £94.44 per month
  • £9440 per year
  • 5) BACS payment method stands for
  • Bankers Automated Clearing System
  • Bankers Automatic Cash System
  • Fairtrade
  • Real Deal
  • 6) Gross Pay means
  • Not very good pay
  • Pay without Tax deducted
  • Pay without Tax or National Insurance deductions
  • Pay after Tax is deducted
  • 7) Net Pay is
  • Always higher than Gross Pay
  • Also known as "Take home" pay
  • Gross pay minus any deductions
  • Added to Gross Pay to give "Take home" pay
  • 8) You receive a P45 when you....
  • Leave a job
  • When you are off sick
  • At the end of each year
  • Ask your employer
  • 9) A P60 tells you....
  • How much you owe in Income tax for the year
  • How much your employer owes you
  • How much Tax you have paid this year
  • How much tax you will pay next year
  • 9) The National Minimum Wage applies to
  • Most people aged over 16
  • Most people aged over 18
  • Only people aged over 22
  • People aged over 30