Deductions Taken from Pay (Leaving Cert Home Economics): Quizzes
📚Quizzes
Practise the questions
12 questions from this quiz
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Practise the questions
12 questions from this quiz
What are the two main categories of pay deductions?
What are the two main categories of pay deductions?
Compulsory & voluntary
What does PAYE stand for?
What does PAYE stand for?
Pay As You Earn
Where does your employer send PAYE deductions?
Where does your employer send PAYE deductions?
Revenue Commissioners
What does progressive taxation mean?
What does progressive taxation mean?
Tax rates increase as income rises
What is PRSI a contribution to?
What is PRSI a contribution to?
Ireland's Social Insurance Fund
Which benefit is NOT provided through PRSI contributions?
Which benefit is NOT provided through PRSI contributions?
Private health insurance
What two factors determine your PRSI contribution?
What two factors determine your PRSI contribution?
Earnings level & employment status
What is a key benefit of private health insurance?
What is a key benefit of private health insurance?
Faster access to medical treatments
How can pension contributions be structured?
How can pension contributions be structured?
Fixed amount or % of gross salary
What do many employers offer regarding workplace pensions?
What do many employers offer regarding workplace pensions?
Match contributions up to certain level
What benefit do union members receive in workplace disputes?
What benefit do union members receive in workplace disputes?
Legal advice & representation
Why is direct loan repayment from salary beneficial?
Why is direct loan repayment from salary beneficial?
Ensures you never miss a payment