deduct 5% from pay

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• deduct — de‧duct [dɪˈdʌkt] verb [transitive] 1. to take away an amount from a total: • Brazil has about 48 million bags of coffee available for sale; from this, deduct about eight million bags for domestic use. 2. ACCOUNTING to take away an amount from an …   Financial and business terms

• deduct — UK [dɪˈdʌkt] / US verb [transitive] Word forms deduct : present tense I/you/we/they deduct he/she/it deducts present participle deducting past tense deducted past participle deducted to take an amount or number from a total deduct something from… …   English dictionary

• deduct — de|duct [ dı dʌkt ] verb transitive to take an amount or number from a total: deduct something from something: Nothing will be deducted from your pay without your consent …   Usage of the words and phrases in modern English

• deduct — verb (T) to take away an amount or part from a total; subtract: deduct sth from: The dues will be deducted from his weekly pay cheques. deductible adjective …   Longman dictionary of contemporary English

• Deduct — De*duct , v. t. [imp. & p. p. {Deducted}; p. pr. & vb. n. {Deducting}.] [L. deductus, p. p. of deducere to deduct. See {Deduce}.] 1. To lead forth or out. [Obs.] [1913 Webster] A people deducted out of the city of Philippos. Udall. [1913 Webster] …   The Collaborative International Dictionary of English

• pay as you earn — (PAYE) Employees pay Schedule E income tax and the employer is responsible for deducting the tax due (in accordance with the employee s allocated tax code) and paying it to the Inland Revenue. Certain records must be kept by the employer for the… …   Law dictionary

• Pay-as-you-earn tax — For other uses see Paye (disambiguation) Pay as you earn or PAYE refers to a system of withholding of income tax from payments to employees. Amounts withheld are treated as advance payments of income tax due. They are refundable to the extent… …   Wikipedia

• deduct — 01. Because she has to travel all over the place for her work , she can [deduct] her car as a business expense. 02. If you hand your assignment in late, I will [deduct] 5% for each day it is overdue. 03. The profits are lower than they appear… …   Grammatical examples in English

• Pay As You Earn - PAYE — A system of income tax withholding that requires employers to deduct income tax, and in some cases, the employee portion of social benefit taxes, from each paycheck delivered to employees. The pay as you earn (PAYE) system requires that employers …   Investment dictionary

• Pay As You Earn — Known as the PAYE scheme . Dresdner Kleinwort Wasserstein financial glossary A system whereby employees suffer income tax deduction at source from their salaries. Instead of paying the gross salary to the employee, the employer is obliged under… …   Financial and business terms

• Pay-As-You-Earn — Known as the PAYE scheme . Dresdner Kleinwort Wasserstein financial glossary A system whereby employees suffer income tax deduction at source from their salaries. Instead of paying the gross salary to the employee, the employer is obliged under… …   Financial and business terms