what is the formula for deducting tax and national insurance from a married man?

Answer 1

Married men pay the same tax and NIC as single men and women. Everyone gets an annual tax free allowance of £5035 for this year. This allowance is spread evenly throughout the year and the balance is taxed £2150 at 10% and the rest at 22% up to £31150, when the rate increases to 40%.
All this is very cleverly worked out by the Tax Tables so that your liability is spread throughout the year and adjusts itslef if your pay goes up and down.
NIC is calculated on a week by week or month by month basis with the first £97 being exempt and the rest chargeable at 11%.

Answer 2

there isnt a formular per say. you simply minus PAYE and eeNIC from your gross.

the tax bands for 2006-07 are as follows
10% on everything up to £2150
22% on £2151 to £33300
40% and everything above £33300

the bands will change again in april and further adjustments are made again in may and usually thats is till the start of the next financial year

how much tax you pay is dependant on a few things but most importantly your tax code. there are quite a few tax codes the most common being 503L (soon to be 522L from april 6th)

the NIC is based also on a few things but isnt too complex. again that to has thresholds according to you pay.
for 2006 -07 they are (weekly)
on earnings of £84-97 NIC @ 0%
on earnings of £97.01- 645 @11%
above £645 @ 11% up to 645 and 1% over 645

for monthly the same percentages apply to the following brackets/bands:
£364 - 420
£420.01 - 2795
above £2795

for a married man with no contrubutions to pension you NIC deductions will those listed in CA38 (table A)

if you provide a figure and tax code i can work the exact figures for you for both the manual and table methods (table method is what most employers use and its sent by inland revenue)

hope this helped

Answer 3

National insurance will depend on if you are self employed or not.
If you work for someone then it's
11% on all income above the lower limit (around 5k) and below the higher limit (31k) and then it's an additional 1% above this.
If your self employed then you pay a fixed rate every week (about £2) as well as 8% as per the limits above and then an additional 1% above the upper limit.
The tax is as the other answers have stated

Answer 4

The official Labour party formula is to take as much as they can....