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Paye
PAYE

Definitions:

i. Pay As You Earn (a British system of paying income tax in which money is taken from your wages by your employer and paid to the government).

ii. Pay As You Earn: system by which income tax is paid by an employee straight to the government.
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* All eight elements should be in.


1. Purposeful and necessary to make payments through the arrangement.

2. System has a proper or official authorization as stated in law(s).

3. Payer (= worker) really worked (= earned) wages (see definition).

4. The amount will be correctly calculated whatever the rates used.

5. Remitted on time to government coffers, as soon as deducted.

6. The tax authority will be able to issue receipts, if needed.

7. Recipient (= government) makes judicious use of collection.

8. System achieves objective(s) - brings benefits to society.
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See perfect FAQ.

See perfect PERCENT.

See perfect OUTBURST (1).

See perfect PAY-AS-YOU-GO.

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