Social Welfare Consolidation Act 2005 section 15

Calculation of reckonable earnings

Section 15 establishes how reckonable earnings are determined for PRSI purposes and how employment contribution amounts are calculated.

  • Reckonable earnings may be calculated or estimated using methods prescribed in regulations
  • The prescribed approach can apply to individuals or entire classes of persons
  • Employment contribution amounts may be calculated using prescribed scales
  • Adjustments are permitted to simplify computations and eliminate fractions of a cent

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