Section A: Objective Test

Which of the following statements regarding National Insurance Contributions (NICs) is correct for the 2023/24 tax year?

Class 1A NICs are payable by the employee on most taxable benefits in kind.

Class 1A NICs are payable by the employer on most taxable benefits in kind provided to employees.

Class 4 NICs are payable by employers on the trading profits of their self-employed contractors.

Class 1 primary NICs are calculated on an employee's gross salary after deducting contributions to an occupational pension scheme.