WorksheetsTaxation and Wages/Payslips
Total questions: 16
Worksheet time: 12mins
Vat is a tax on goods and services.
True
False
Finish the term off: Standard Rate Cut Off
(a)
Taxes are compulsory payments from the government to the people
True
False
Pay As You
(a)
Direct Tax is paid on income as it is earned
True
False
Regressive Tax is paid on income as it is spent
True
False
Cycle to work scheme, health insurance and income tax are all forms of deductions
True
False
Net Pay = Gross Pay -
(a)
What is this: Fixed payment to employees that does not rely on hours worked
Salary
Wage
Which of these are reasons why we have to pay tax?
Financial
Ethical
Social
Legal
All 4
DIRT stands for
(a)
Gross Pay = Gross Pay + Overtime
True
False
I work a 20 hour week normally and I earn €10 per hour. I work 5 hours overtime on Christmas week at double time. How much do I earn in total? Gross wage + overtime
(a)
PRSI stands for
(a)
USC stands for
(a)
VAT stands for
(a)
