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The Making Work Pay tax credit was a personal credit provided in tax years 2009 and 2010 to U.S. federal income taxpayers. [1] It was authorized in the American Recovery and Reinvestment Act of 2009 . The credit was given at a rate of 6.2 percent of earned income up to a maximum of $400 for individuals or $800 for married taxpayers.
As the UK's biggest public service department it administers the State Pension and a range of working age, disability and ill health benefits to around 20 million claimants and customers. It is the second largest governmental department in terms of employees, [7] and the largest in terms of expenditure (£187bn).
The Frameworks for Higher Education Qualifications of UK Degree-Awarding Bodies (FHEQ) for qualifications awarded by bodies across the United Kingdom with degree-awarding powers. [1] [2] [3] Credit frameworks use the Credit Accumulation and Transfer Scheme , where 1 credit = 10 hours of nominal learning.
In both systems, work below the grade G or 1 standard is denoted as 'Unclassified' (U). For comparison purposes, a grade C is considered equivalent to a 4, and an A is equivalent to a 7, and an 8 is equivalent roughly to an A*. Here is a comparison of the current and former GCSE grading systems, as well as the old O-Level and CSE grading systems:
Local Housing Allowance ( LHA) was introduced by the government of the United Kingdom on 7 April 2008 to provide Housing Benefit entitlement for tenants renting private-sector accommodation in England, Scotland and Wales. The LHA system introduced significant changes to the way Housing Benefit (HB) levels are restricted and how benefit is paid.
Rates. There are two different insurance premium tax rates: [1] a standard rate of 12%. a higher rate of 20%. Insurers providing taxable insurance are required to register and account for IPT, as must intermediaries who sell insurance subject to the higher rate of IPT and charge a separate insurance-related fee on top of the premium itself.