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L1HM ASSESSMENT SLIP 1 Theory Paper Candidate Name: Section 1 Q1 If you were assessing the age of two horses by their teeth, which horse would you think is older? (1 mark) Tick the correct answer:
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l1hm slip 1 is a slip that reports various income and deductions related to employment.
Employers are required to file l1hm slip 1 for each of their employees.
l1hm slip 1 can be filled out manually or electronically, with all necessary income and deduction information included.
The purpose of l1hm slip 1 is to report employment income and deductions to the tax authorities.
Information such as employee's income, deductions, taxes withheld, and other relevant details must be reported on l1hm slip 1.
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