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Working out my tax

  • 25-02-2006 8:03pm
    #1
    EdgarAllenPoo
    Registered Users, Registered Users 2 Posts: 2,686 ✭✭✭


    I've taken up a part time job, I start on Monday. It's twenty hours a week at €7.65 an hour. That's €153 before anything is deducted. If the only tax credit I can apply for is the Single Person's Tax Credit, what can I expect to pay in tax every week?


Comments

  • #2
    Kappar
    Closed Accounts Posts: 1,114 ✭✭✭Kappar


    I don't think you'll pay anything.


  • #3
    bob04
    Closed Accounts Posts: 140 ✭✭bob04


    Single Person tax credit €1630
    Paye Tax credit €1490

    Thats €3120 a year or €60 a week

    To work out your tax as follows:

    Gross Pay €153
    Taxed @ 20% = €30.60 per week

    Tax Credit = €60.00 per week.

    Therefore no tax to be paid and no PRSI either


  • #4
    EdgarAllenPoo
    Registered Users, Registered Users 2 Posts: 2,686 ✭✭✭EdgarAllenPoo


    Thanks for the info. Will I end up paying much PRSI do you think?


  • #5
    kluivert
    Registered Users, Registered Users 2 Posts: 2,399 ✭✭✭kluivert


    bob04 wrote:

    Therefore no tax to be paid and no PRSI either


    As it says RTFQ!


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