What does pay as you earn mean?
Definitions for pay as you earn
pay as you earn
This dictionary definitions page includes all the possible meanings, example usage and translations of the word pay as you earn.
Princeton's WordNet
PAYE, pay as you earnnoun
the British system of withholding tax
Wiktionary
pay as you earnnoun
The national system whereby income tax and national insurance is deducted by an employer from the salary or wages of an employee.
ChatGPT
pay as you earn
"Pay as you earn" is a system of income tax withholding that requires earnings to be taxed in the period in which they are received, rather than at the end of the tax year. This means that tax is deducted directly from an individual's salary or wages before they receive it. The tax is then paid over to the government by the employer on behalf of the employee. The amount of income tax deducted depends on the individual's earnings and their tax code. This system is also commonly known as Pay-As-You-Go or PAYE.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of pay as you earn in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of pay as you earn in Pythagorean Numerology is: 8
Translations for pay as you earn
From our Multilingual Translation Dictionary
- ennakonpidätysFinnish
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"pay as you earn." Definitions.net. STANDS4 LLC, 2024. Web. 16 Apr. 2024. <https://www.definitions.net/definition/pay+as+you+earn>.
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