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Subjects / LC Accounting / Financial Accounting

VAT and payroll deductions (PAYE, PRSI, USC)

Record VAT on sales and purchases and treat payroll deductions and employer's PRSI in the accounts, using rates given in the question.

5th Year6th Year HigherOrdinary
15practice questions

Match the pairs: 1 · Multiple choice: 11 · Numeric answer: 3

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Numeric answer
Gross weekly pay is €964. Employee PRSI is charged at 3% of gross pay (rate stated for this question). Calculate the PRSI deduction.
Whole numbers, decimals (2.5) or fractions (3/4).
Hint 1

Use gross pay.

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