Hi,
my sisters working hours have changed at work (along with many thousand others I appreciate!).
She will alternate between 1 week (5 days work), 2nd week (4 days work). Can someone please advise if the amount she got paid today for her 4 days week is correct?
1) 5 day working week: Net pay 524.42euro
2) 4 day working week: Net pay: 440euro
I would appreciate your help with calculations, thanks!
Ok since you have not got a gross the only way to do this is net to gross. Using the credits and cut-off as given a net of €524.42 would gross up to €604.47. If the Gross of €604.47 is 5 days then the gross for 4 days would be €483.58 ( €604.47/5x4) , assuming all hours the same per day. On the 4 days, with a gross of €483.58 the net would be €445.84. A net of €440 as you said is slightly off, that really equates to a gross of €475.79. The following is the breakdown
5 Days Gross 604.47
Tax 42.82
PRSI 31.19
Inc Levy 6.04
Net 624.42
4 days Gross 483.58
Tax 18.64
PRSI 14.26
Inc Levy 4.84
Net 445.84
to get 4440 net :-
Gross 475.79
Tax 17.08
PRSI 13.95
Inc Levy 4.76
Net 440.00