Calculating Pay (Junior Cert Business Studies): Flashcards

Total earnings before deductions

Amount received after all deductions (take-home pay)

Earnings during normal hours (no overtime/bonuses)

Pay based on number of hours worked

Hourly rate × number of hours worked

Pay based on items produced, not hours worked

Rate per item × number of items produced

1.5 times the normal hourly rate (common overtime rate)

2 times normal hourly rate (often for bank holidays)

Percentage of sales paid to salespeople

(Total sales ÷ 100) × commission rate

Sum taken from employee's gross pay

Income tax (PAYE), PRSI, and USC

Money left after statutory deductions

Amounts that reduce income tax owed