pay-as-you-earn
Withheld tax system
Pay-as-you-earn is a tax collection system where employers deduct income tax from wages before paying employees, remitting it directly to the government.
Common in the UK and other countries, it ensures tax is collected incrementally throughout the year rather than in a lump sum: Under pay-as-you-earn, your tax is already taken out of your paycheck.
Often abbreviated PAYE.
Borrowed funds for tuition
- tuitionPayment for instruction
- debtMoney owed another
- installmentPeriodic partial payment
- graduateOne who earned degree
deferment · balance · interest · loan forgiveness · automatic deduction · minimum income · outstanding · principal
Keeping from another
- deductionConclusion from premises
- payrollStaff wages collectively
- income taxGovernment charge on earnings
- employerOne who employs others
paycheck · wages · salary · allowances · tax code · national insurance · tax bracket · threshold
Measured by instrument
- consumptionUsing up of resources
- utilityFunctional worth or purpose
- usage-basedPriced by consumption
- incrementalProceeding by small additions
prepaid · top-up · meter · real-time · variable · flexible · no contract · subscription
student loan
Borrowed funds for tuition
- tuitionPayment for instruction
- debtMoney owed another
- installmentPeriodic partial payment
graduate · deferment · balance · interest · loan forgiveness · automatic deduction · minimum income · outstanding · principal
withholding
Keeping from another
- deductionConclusion from premises
- payrollStaff wages collectively
- income taxGovernment charge on earnings
employer · paycheck · wages · salary · allowances · tax code · national insurance · tax bracket · threshold · refund
metered
Measured by instrument
- consumptionUsing up of resources
- utilityFunctional worth or purpose
- usage-basedPriced by consumption
incremental · prepaid · top-up · meter · real-time · variable · flexible · no contract · subscription · monthly
- Payroll Taxespayroll tax, payroll taxes, Medicare tax, withholding tax, federal withholding
pay-as-you-earnlump sum
Entire amount at once
lump-sum payment · deferred payment · one-time payment · balloon payment · upfront payment
earn, pays, paying, payable, payment, payments, payer, payers, payee