Test Your Knowledge
Test your skills and explore how well you understand the distinctions between traditional payroll and the Global Payroll Solution (GPS) model for international contracting. Take this concise quiz to assess your knowledge and gain valuable insights.
🎯 Payroll vs GPS Model Quiz
Test your knowledge on Traditional Payroll vs GPS Model for International Contracting
Section 1: Multiple Choice
1. What does PAYE stand for in the context of traditional payroll?
2. In the GPS model, how are taxes handled?
3. Which of the following is not included as a benefit of traditional payroll?
4. What percentage of additional take-home pay could contractors potentially save using the GPS model compared to PAYE?
5. Which of these insurance types is not mentioned as part of the GPS model?
Section 2: True or False
1. Under PAYE, both taxes and National Insurance Contributions are deducted at source.
2. The GPS model requires employer NICs to be paid by the client.
3. Contractors using the GPS model can receive payments in multiple currencies like GBP, EUR, and USD.
4. PAYE offers more opportunities to claim business expenses compared to GPS.
Section 3: Multiple Choice
1. Name two types of contractors best suited for the PAYE system.
2. Give two examples of business-related expenses that contractors can claim under the GPS model.
3. What digital tool does Futurelink Group use for quick and seamless onboarding?
4. Mention one testimonial benefit highlighted by a Futurelink Group client.
5. What is the primary advantage of the GPS model for international contractors compared to traditional payroll?
Quiz Results
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Thank you for completing the quiz! To deepen your understanding of traditional payroll versus the GPS model and explore how these solutions can benefit your international contracting needs, visit our dedicated page to learn more.
