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Tax
| Question | Answer |
|---|---|
| Premium | the amount that must be payed to cover the risk |
| Gross Income | Total income before tax is deducted |
| Net Income | Income after tax is deducted |
| PRSI | paye related social insurance |
| Income tax | Tax payable on income |
| Value added tax | Tax charged on goods and services |
| Capital Gains Tax | Tax on profits made from selling assets |
| Corporation Tax | Tax on profits earned by companies |
| Deposit Interest retention tax | Tax deducted from interest earned on savings accounts |