2023 Q16 (b) (i) Martin has been working in his local supermarket. You have been given the following information regarding his wages:
Basic working week: 39 hours PAYE: PRSI: USC:
20% 4% 2%
Hours worked: 45 hours
Hourly rate of pay: €10 Overtime rate:
Time and a half Weekly Tax Credit: €34
(i) Using the above information complete Martin’s wage slip below. Payslip
Employee Name: Martin Ryan 2284381GA
PPSN: Earnings
Basic Wage Overtime
Gross Pay
1m €390 PAYE 1m €90 PRSI USC
1m€480 Total Deductions Net Pay Workings
Gross Pay Basic
39 x €10 = €390 Overtime
6 x €15 = €90
PAYE and tax credit PAYE
€480 x 20% = €96 Less Tax Credit €96 - €34 = €62
PRSI
€480 x 4% = €19.20
USC
€480 x 2% = €9.60
Week No: Date:
Deductions 2m €62
1m€19.20 1m€9.60
1m€90.80 1m€389.20 16 26-Apr-23
Always show your workings. If your final figure is wrong but your workings TOP TIP
are correct, you can still score marks. Show the step, then the answer, to get full marks. For PAYE show the calculation for PAYE and then deduct the tax credits in your workings.