PRSI/USC (Junior Cert Mathematics): Quizzes

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PRSI/USC
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12 questions from this quiz

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What is USC?

A tax on your income

What is PRSI used for?

Pensions & unemployment support

Why is tax deducted from earnings?

To pay for public services

What is the USC rate on the first €10,036€10,036 of income?

2%2\%

What is the threshold amount for the first USC band?

€10,036€10,036

What is the USC rate on the next €5,980€5,980 of income?

4%4\%

What is the USC rate on the remaining balance of income?

7%7\%

How much USC is paid on the first band for a €30,000€30,000 income?

€200.72€200.72

How much USC is paid on the second band for a €30,000€30,000 income?

€239.20€239.20

What is the remaining balance after the first two USC bands on €30,000€30,000?

€13,984€13,984

What is the total USC owed on a €30,000€30,000 income?

€1,419.80€1,419.80

Why is income only taxed once at each rate?

It doesn't get taxed again at higher rates

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