PRSI/USC (Junior Cert Mathematics): Flashcards
📚Flashcards
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11 cards from this deck
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Practise the cards
11 cards from this deck
USC stands for
USC stands for
Universal Social Charge
PRSI stands for
PRSI stands for
Pay Related Social Insurance
Purpose of tax deductions from earnings
Purpose of tax deductions from earnings
Pay for public services like healthcare and schools
USC definition
USC definition
A tax on your income
PRSI purpose
PRSI purpose
Social benefits like pensions and unemployment support
What are USC bands?
What are USC bands?
Different income portions taxed at different rates
First USC band
First USC band
on first
Second USC band
Second USC band
on next
Third USC band
Third USC band
on remaining balance
Can same income portion be taxed at multiple rates?
Can same income portion be taxed at multiple rates?
No, each portion taxed only once at its band rate