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PAYE Calculations GPA Solutions 2011

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Page 1: PAYE Calculations GPA Solutions 2011 Calculate the Gross Pay for the pay period. Refer to the SRCOP and determine the rate of tax to be applied. Calculate

PAYE Calculations

GPA Solutions 2011

Page 2: PAYE Calculations GPA Solutions 2011 Calculate the Gross Pay for the pay period. Refer to the SRCOP and determine the rate of tax to be applied. Calculate

Calculate the Gross Pay for the pay period.

Refer to the SRCOP and determine the rate of tax to be applied.

Calculate the Total Gross Tax.

Subtract the Tax Credit from the Gross Tax

Gross Tax less the Tax Credit is the PAYE to be deducted from the Gross Pay

GPA Solutions 2011

Page 3: PAYE Calculations GPA Solutions 2011 Calculate the Gross Pay for the pay period. Refer to the SRCOP and determine the rate of tax to be applied. Calculate

Maura has a Gross Pay of €450 per week.

Her weekly tax credit is €70.38 and her SRCOP is €700.

Calculate her weekly PAYE deduction for this weeks pay?

GPA Solutions 2011

Page 4: PAYE Calculations GPA Solutions 2011 Calculate the Gross Pay for the pay period. Refer to the SRCOP and determine the rate of tax to be applied. Calculate

Tax Credit €70.38 SRCOP €700.00________________________________________Gross Pay € 450.00Tax 20% € 90.00Less Tax Credit € 70.38PAYE € 19.62

GPA Solutions 2011

Page 5: PAYE Calculations GPA Solutions 2011 Calculate the Gross Pay for the pay period. Refer to the SRCOP and determine the rate of tax to be applied. Calculate

Joan has a gross pay of €815.00 per week. She also worked 10 hours overtime and is paid €15 per hour for overtime worked.

Her weekly tax credit is €105.57 and her SRCOP is €873.07.

Calculate her weekly PAYE deduction for this weeks pay.

GPA Solutions 2011

Page 6: PAYE Calculations GPA Solutions 2011 Calculate the Gross Pay for the pay period. Refer to the SRCOP and determine the rate of tax to be applied. Calculate

Gross Pay € 965.00Tax€873.07 @ 20% €174.61€91.93 @ 41% € 37.69Gross Tax €212.30Tax Credit €105.57PAYE €106.73

GPA Solutions 2011

Page 7: PAYE Calculations GPA Solutions 2011 Calculate the Gross Pay for the pay period. Refer to the SRCOP and determine the rate of tax to be applied. Calculate

Attempt the exercise on Basic PAYE Computations.

For more details on online courses www.gpasolutions.com

GPA Solutions 2011