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Probably stupid q

  • 21-02-2012 4:47pm
    #1
    yomamma
    Registered Users, Registered Users 2 Posts: 260 ✭✭


    I know I am probably being stupid here but I am just querying is tax involved when a company says they will give you 27k a year ie. on jobs.ie. Is this 27k after tax? Also if they say 15 eur per hour is this also after tax?

    Cheers!


Comments

  • #2
    later12
    Closed Accounts Posts: 11,299 ✭✭✭✭later12


    Companies are generally referring to the gross figure unless otherwise stated.

    Your tax contribution/ specifics can sometimes vary depending on your personal situation.


  • #3
    yomamma
    Registered Users, Registered Users 2 Posts: 260 ✭✭yomamma


    Cheers!

    When a company advertises an hourly rate eg. 15 eur per hour is this gross or net pay?


  • #4
    RangeR
    Registered Users, Registered Users 2 Posts: 7,265 ✭✭✭RangeR


    It's always gross [before tax]. You can use this to see what you will get yearly, monthly, weekly, daily, hourly, etc NET [after tax]

    So for your €27k a year, unless you have special circumstances, you can generally come out with [after tax]

    Year : €22k
    Monthly : €1906
    Weekly : €440
    Daily : €88
    Hourly : €11
    Per minute :) : €0.183


  • #5
    RangeR
    Registered Users, Registered Users 2 Posts: 7,265 ✭✭✭RangeR


    yomamma wrote: »
    Cheers!

    When a company advertises an hourly rate eg. 15 eur per hour is this gross or net pay?

    Just for info, to get a yearly amount out of an hourly one, multiply it by 2080

    Hourly rate * 8 for daily rate * 260 for yearly [Generally only 260 working days in a year, based on 5 days a week]

    So €15 hourly would work out at €31200 yearly

    ALWAYS gross, before tax.


  • #6
    yomamma
    Registered Users, Registered Users 2 Posts: 260 ✭✭yomamma


    Cheers man!

    Ive been offered an interview for a job tomorrow and they are offering 11 eur per hour. If this was after tax Id go for it but the distance I have to travel for the interview alone it aint worth it. I know its an opportunity for a job though :o


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  • #7
    longhalloween
    Closed Accounts Posts: 2,207 ✭✭✭longhalloween


    RangeR wrote: »

    So for your €27k a year, unless you have special circumstances, you can generally come out with [after tax]

    Year : €22k
    Monthly : €1906
    Weekly : €440
    Daily : €88
    Hourly : €11
    Per minute :) : €0.183

    Are you taking into account tax credits and exemptions?


  • #8
    RangeR
    Registered Users, Registered Users 2 Posts: 7,265 ✭✭✭RangeR


    longhalloween wrote: »
    Are you taking into account tax credits and exemptions?

    Absolutely not. Just extracting tax. Credits etc would be dependent on the individual.
    But thanks, I did forget to mention that.


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