maria

hye to all,
i wanted to know about the adjustment of EMPLOYER'S NIC CONTRIBUTION.....is it an UNADJUSTED ITEM or we have to ADD it back??

Minaa

it is not added back.

it's beena while since i studied this, i'll confirm you tomorrow

maria

minaa i also thought that its not added back because one of the exam answers stated it as unadjusted item...but the exam kit states that it should be added back,,,,in some questions it is added and in some its not .....no clear explanation is given as to why its not added and when it should be added

maria

r u studying from bpp or ftc??...

Thirty

it is ignored!

Thirty

i am studying from BPP..

maria

well if its ignored then howcome it has been added back!!!...i have a question in the kit which has added back the NIC..although in one of the answers in past papers it has been termed as unadjusted....now shuld i assume its ignored???...because the book states so

Thirty

ofcourse, may be the answer of that particular question is wrong in kit, it is ignored,

Thirty

by the way in which kit? ftc or bpp? i am doing from bpp, let me know the question no if it's from bpp,

Minaa

it's not added back. it is not a taxable benifit.

i'm studying from the notes i made myself. and i did the ftc kit. if the question is from FTC let me know.