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business

key personal taxes

TermDefinition
DIRT deposit, interest, retention, tax ( interest earned on savings)
tax credits they decrease taxes you pay depending on your personal situation
non-statuatory deductions are items that are voluntary and that you agree can be deducted from your gross pay
statutory deductions are items that are compulsory and that are taken away from your gross pay and given to the government
net pay gross pay- deductions
gross pay basic pay + overtime+commision+ bonus
taxation is the taxes and charges collected by the state to pay for things that we all share and need as a country
resources funded by the government infrastructure, roads, hospitals, libraries, swimming pools, schools, jobs
PAYE pay as you earn
PRSI personal, related, social, insurance
USC universal social charge
Created by: korkie
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