Income Tax 1
Mrs Doyle earns €350 per week. Her tax credit is €48
per week. She pays tax at at rate of 30%.
Find 1) Her Tax Payable
2) Her
Take-home pay
Gross Tax = €350 x 30% = €105
Tax Payable = Gross Tax - Tax Credit
= €105 - €48
= €57
Take home pay = Gross Wage - Tax Payable
= €350 - €57
= €293
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Calculate each persons Tax Payable and Take home pay in the following
questions
Q.1 Mr Morrissey earns
€240 per week. His tax credit is €35 per week. He pays tax at a
rate
of 40%.
Tax Payable _________________ Take home pay ______________________
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Q.2 Mrs George earns
€290 per week. Her tax credit is €25 per week. She pays tax at a
rate
of 30%.
Tax Payable _________________ Take home pay ______________________
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Q.3 Mr Quinlavin earns
€650 per week. His tax credit is €56 per week. He pays tax at a
rate
of 20%.
Tax Payable __________________ Take home pay ____________________
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Q.4 Ms Ryan earns
€225 per week. Her tax credit is €23 per week. She pays tax at a
rate of
20%
Tax Payable ___________________ Take home pay ____________________
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Q.5 Mrs Kiernan earns
€300 per week. Her tax credit is €30 per week. She pays tax at a
rate
of 30%.
Tax Payable __________________ Take home pay __________________
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