deduct tax from an employee's pay

См. также в других словарях:

• 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

• 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

• Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 — Effective (Various dates for different provisions) Citations Public Law Public Law 111 312 Stat …   Wikipedia

• 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

• Tax 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… …   Wikipedia

• Withholding tax — is an amount withheld by the party making payment to another (payee) and paid to the taxation authorities. The amount the payer deducts may vary, depending on the nature of the product or service being paid for. The payee is assessed on the gross …   Wikipedia

• Tax bracket — Tax brackets are the divisions at which tax rates change in a progressive tax system (or an explicitly regressive tax system, although this is much rarer). Essentially, they are the cutoff values for taxable income mdash; income past a certain… …   Wikipedia

• Tax protester constitutional arguments — UStaxationTax protester constitutional arguments are assertions that the imposition of the federal income tax violates the United States Constitution. These kinds of tax protester arguments are distinguished from related statutory arguments and… …   Wikipedia

• Tax rates around the world — Taxation An aspect of fiscal policy …   Wikipedia

• 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