Income Tax (Junior Cert Mathematics): Quizzes
📚Quizzes
Practise the questions
12 questions from this quiz
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Practise the questions
12 questions from this quiz
What is the purpose of tax credits in income tax calculations?
What is the purpose of tax credits in income tax calculations?
They reduce the amount of tax to pay
Joan's salary is €39,000 with a €31,000 cut-off. How much is taxed at % standard rate?
Joan's salary is €39,000 with a €31,000 cut-off. How much is taxed at % standard rate?
€31,000
Joan earns €39,000 with a €31,000 cut-off. What amount is taxed at the higher rate?
Joan earns €39,000 with a €31,000 cut-off. What amount is taxed at the higher rate?
€8,000
Joan pays €6,200 tax at % and €3,200 at %. What is her total tax before credits?
Joan pays €6,200 tax at % and €3,200 at %. What is her total tax before credits?
€9,400
Joan's tax before credits is €9,400. With €4,750 credits, how much tax does she pay?
Joan's tax before credits is €9,400. With €4,750 credits, how much tax does she pay?
€4,650
Cecil has a €30,000 cut-off at % standard rate. What tax does he pay on this amount?
Cecil has a €30,000 cut-off at % standard rate. What tax does he pay on this amount?
€6,000
Cecil pays €7,650 tax with a €3,600 credit and €30,000 cut-off. What is his gross salary?
Cecil pays €7,650 tax with a €3,600 credit and €30,000 cut-off. What is his gross salary?
€45,000
A bus driver pays €140 tax with a €60 credit at % rate. What is his gross weekly wage?
A bus driver pays €140 tax with a €60 credit at % rate. What is his gross weekly wage?
€1,000
What does the standard rate cut-off point determine?
What does the standard rate cut-off point determine?
Where standard rate ends, higher begins
In what order are steps performed when calculating tax payable?
In what order are steps performed when calculating tax payable?
Calculate taxes, add them, subtract credits
When working backwards to find gross salary, what must you introduce?
When working backwards to find gross salary, what must you introduce?
An unknown variable