In 2022, Ann is single and earns €750 per week.
Because Ann is single, she has a standard rate band of €36,800 per year. The weekly amount is €707.69 (€36,800/52).
This means that the first €707.69 of Ann’s wages is taxed at the standard rate of 20%. The balance of €42.31 (€750 - €707.69) is taxed at the higher rate of 40%.
Ann's tax liability (before tax credits, allowances and reliefs)
Description | Amount of wage | Calculation | Tax |
Single rate band |
€707.69 |
€707.69 x 20% |
€141.53 |
Balance |
€42.31 |
€42.31 x 40% |
€16.92 |
Ann will also have tax credits, allowances and reliefs applied to her earnings.