Questions and Answers
How do I calculate an employee’s weekly average earning?
I have registered for the COVID-19 Wage Subsidy Scheme and I need to calculate my employee’s average net weekly pay, how can I do this?
- Take the employee’s Gross pay and from it subtract the Income Tax Paid, the USC Paid and the Employee PRSI Paid
- Total this figure for each pay date in January and February 2020 and divide this by the number of insurable weeks the employee was on the payroll (capped at 9) for the period.
Date published 2 Apr 2020 | Last updated 2 Apr 2020
This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.
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