15. Edward has a gross income of €74,700 per
annum. His standard rate cut-off point is
€27,8...
Mathematics, 07.09.2021 02:20 yousifgorgees101
15. Edward has a gross income of €74,700 per
annum. His standard rate cut-off point is
€27,800. The standard rate of tax is 21.5%
and the higher rate is 45%. He has an
annual tax credit of €2,830. He is in Class
A1 for PRSI (assuming a 52-week year).
(a) What is his PRSI contribution per week,
correct to the nearest euro?
(b) What is his employer's PRSI
contribution per week?
(c) Calculate his annual USC payment.
(d) What is his weekly net income after
all the deductions?
26. Michael and n
Answers: 2
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