Payslips (Junior Cert Business Studies): Flashcards

Payment based on hours worked or quantity of goods produced

Fixed annual amount paid in regular instalments

Official record showing how pay is calculated

Personal Public Service Number - unique ID for Irish employees

Total amount earned before any deductions

Final amount received after all deductions

Gross pay minus total deductions

Pay As You Earn - income tax from wages

Pay Related Social Insurance - for social welfare benefits

Universal Social Charge - tax to fund public services

Deductions every employee must pay (PAYE, PRSI, USC)

Voluntary deductions you choose (insurance, union, pension)

Proof of income, track earnings, check calculations

Contact HR department immediately