1) Who makes British coins? a) Bank of England b) Clydesdale Bank c) Royal Mint d) Buckingham Palace 2) Which is not a security feature of bank notes? a) Metalic strip b) Watermark c) Raised writing d) Unique writing font 3) Which one is legal tender in Scotland? a) Scottish bank notes b) English bank notes c) Coins d) Irish bank notes 4) Which job could be classed as casual employment? a) Grouse beating b) Road maintenance worker c) Accountant d) Joiner 5) What is the maximum amount of EMA that can be paid to students weekly? a) £20 b) £30 c) £40 d) £50 6) As of April 2010 what is the weekly job seekers allownace for 16-24 year olds? a) £150.75 b) £97.35 c) £51.85 d) £110.50 7) What is an 'executor' of a will? a) People who carry out instructions b) People who recieve money c) People who sign a will 8) How much of a deceased'd estate can be distributed tax free? a) £100,000 b) £175,000 c) £550,000 d) £325,000 9) What does PAYE concern? a) Tax b) Hours you work c) Minimum wage d) Unemployment 10) Which is not a deduction from your wageslip? a) NI b) Overtime c) Student Loan d) Income Tax 11) Alfie earns £35,000 pa. His tax code is 675L. What might his taxable earming be? a) £28,245 b) £34,325 c) £35,675 d) £41755 12) What does your tax code mean? a) How much tax you pay b) How much you are allowed to earn before paying tax c) How much tax your employer gets d) What percentage of tax you pay 13) What is the minimum wage for 16-17 year olds? a) £2.54 b) £3.64 c) £4.13 d) £5.93

PF Unit 1 Topic 1,2,3

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