pay-as-you-earn tax
21PAYE tax — /ˈpeɪ tæks/ (say pay taks) noun → pay as you earn tax. Also, P.A.Y.E. tax …
22tax — ▪ I. tax tax 1 [tæks] noun [countable, uncountable] TAX an amount of money that you must pay to the government according to your income, property, goods etc, that is used to pay for public services: • The President said he would cut taxes for… …
23pay — pay1 W1S1 [peı] v past tense and past participle paid [peıd] ▬▬▬▬▬▬▬ 1¦(give money)¦ 2¦(bill/tax/rent)¦ 3¦(wage/salary)¦ 4 pay attention (to somebody/something) 5¦(legal cost)¦ 6¦(say something good)¦ 7¦(good result)¦ 8¦(profit)¦ …
24tax relief — noun (U) BrE the right to not have to pay tax on part of what you earn …
25Income tax — Public financeAn income tax is a tax levied on the financial income of persons, corporations, or other legal entities. Various income tax systems exist, with varying degrees of tax incidence. Income taxation can be progressive, proportional, or… …
26Tax avoidance and tax evasion — Tax avoidance is the legal utilization of the tax regime to one s own advantage, in order to reduce the amount of tax that is payable by means that are within the law. By contrast tax evasion is the general term for efforts to not pay taxes by… …
27Payroll tax — generally refers to two kinds of taxes: Taxes which employers are required to withhold from employees pay, also known as withholding, Pay As You Earn (PAYE) or Pay As You Go (PAYG) tax; and taxes which are paid from the employer s own funds and… …
28withholding tax — noun income tax withheld from employees wages and paid directly to the government by the employer • Syn: ↑withholding • Derivationally related forms: ↑withhold (for: ↑withholding) • Hypernyms: ↑income tax …
29Tax forms in the United States — are used by taxpayers and tax exempt organizations to report financial information to the Internal Revenue Service (IRS). They are used to report income and calculate taxes owed to the government of the United States. TOC Federal tax forms 990… …
30earn — [ ɜrn ] verb *** 1. ) intransitive or transitive to receive money for work that you do: She doesn t earn much money, but she enjoys the work. Most people here earn about $60,000 a year. His illness has affected his ability to earn. a ) transitive …
