Net income is take home pay after deductions have been made - Leaving Cert Home Economics - Question 11 - 2009
Question 11
Net income is take home pay after deductions have been made. Name two compulsory deductions and two voluntary deductions that may be made from an employee’s salary/w... show full transcript
Worked Solution & Example Answer:Net income is take home pay after deductions have been made - Leaving Cert Home Economics - Question 11 - 2009
Step 1
Compulsory Deductions
96%
114 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
PRSI (Pay Related Social Insurance)
Income Tax / PAYE (Pay As You Earn)
Step 2
Voluntary Deductions
99%
104 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
Health Insurance
Savings or AVCs (Additional Voluntary Contributions)
Join the Leaving Cert students using SimpleStudy...
