Qualified Financial Adviser (QFA) Investments Exam 2 Practice Test

In Ireland, there is a standard USC structure with progressive rates, but for self-employed people who do not pay income tax under PAYE, there is an extra 3% USC applied only to the portion of income above a certain threshold. That threshold is €100,000. So the additional 3% USC kicks in on the excess over €100,000. For example, if someone earns €120,000, the 3% surcharge would apply to €20,000 of that income. The other figures listed are not the threshold for this special surcharge; the €100,000 limit is the specific point where the extra 3% begins.