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Tax help please....

  • 09-06-2011 8:40am
    #1
    IpreDictDeatH
    Registered Users, Registered Users 2 Posts: 269 ✭✭


    Apologies if this is in the wrong room, but this place is just huge. Mods can move if they wish.

    Basically, a friend of mine works in the Health service and is due to start a new position. This position includes alot more overtime. We wana work out how much he can earn, minus tax. But unfortunetley for him, he and i, are clueless in all of this. Can anybody even point me in the right direction? I guess we gotta figure out what tax bracket he's on? Does the overtime get taxed seperately? What formula do we use to figure out how much he will come out with minus tax.

    Any help will be greatly appreciated.


Comments

  • #2
    Delancey
    Closed Accounts Posts: 5,451 ✭✭✭Delancey


    You may be better off posting this query in the Taxation forum.


  • #3
    RangeR
    Registered Users, Registered Users 2 Posts: 7,265 ✭✭✭RangeR


    taxcalc.eu


  • #4
    Mrs OBumble
    Registered Users, Registered Users 2 Posts: 26,290 ✭✭✭✭Mrs OBumble


    IpreDictDeatH wrote: »
    . We wana work out how much he can earn, minus tax. ... I guess we gotta figure out what tax bracket he's on? Does the overtime get taxed seperately?

    Overtime is not taxed separately, it's just seen as more income.

    People don't have tax-brackets income does.

    The first however much (depends on his situation) is still tax free. The next however-much is at 20%. The rest is at 42% (I think those numbers are right). And there's USC and PRSI applied on top of that.

    Every time he's paid, they'll look at his tax credits and tax paid YTD and calculate what he should have paid.


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