Q20 Aoife Brennan works at a hotel in Cork. The details of her weekly earnings and deductions are as follows:
Basic working week Hourly rate of pay PAYE PRSI
38 hours €16
20% 4%
Cycle To Work Scheme €50
(i) Using the above information complete Aoife’s wage slip below. Payslip
Employee Name: PPSN:
Earnings
Basic Wage Overtime
€ €
Aoife Brennan 2294718AB
Date: Week No:
Deductions PAYE PRSI USC
Cycle To Work Gross Pay
Workings: Basic and overtime
€ Total Deductions
€ € € € €
Net Pay € PAYE and tax credit PRSI USC
15/06/26 24
Total hours worked Overtime rate of pay Weekly tax credit USC
41 hours
Double time €38 2%
Q20 (ii) Suggest one reason why the government operate the Cycle To Work Scheme, where employees can get up to 52% off the price of a new bike if it will be used to cycle to work.