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cost of employing

  • 11-12-2009 5:18pm
    #1
    Employer
    Closed Accounts Posts: 22 ✭


    How much would paying someone €350 per week "cost" me weekly/annually, in terms of prsi, levies etc. ??
    I saw the links in the other thread but failed to deciphir any info outta it!?!?
    Thanks.


Comments

  • #2
    EKRIUQ
    Registered Users, Registered Users 2 Posts: 4,387 ✭✭✭EKRIUQ


    If the person is

    Single, under 65, and no kids

    Annual Salary €18,200
    PAYE €0 (just under the cut off rate €352)
    Total Tax Bourne €4,004 (PAYE €3640.00, Levies €364)
    less credit €3,600

    Total Tax paid by employee €344 or €6.20 per week

    Employers prsi to be paid is 8.5 % which is €1,547 annually or €29.75 weekly

    So cost to you of employing somebody for €350 p.w is €379.75 of which weekly €35.95 goes in PRSI/PAYE payments. or €467.35 quarterly.


  • #3
    Employer
    Closed Accounts Posts: 22 ✭Employer


    Thanks for that - its exactly what I was looking for!


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