Fill in the four missing values labelled A, B, C, and D in the table below to calculate Paul Costigan's net annual take home pay - Leaving Cert Business - Question 11 - 2020
Question 11
Fill in the four missing values labelled A, B, C, and D in the table below to calculate Paul Costigan's net annual take home pay. Show your workings in the space pro... show full transcript
Worked Solution & Example Answer:Fill in the four missing values labelled A, B, C, and D in the table below to calculate Paul Costigan's net annual take home pay - Leaving Cert Business - Question 11 - 2020
Step 1
Calculate PRSI (4% of Gross Pay)
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Answer
PRSI = 0.04 * €60,000 = €2,400
Step 2
Calculate USC (3% of Gross Pay)
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Answer
USC = 0.03 * €60,000 = €1,800
Step 3
Calculate Total Deductions
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