Pay as you earn tax. Income tax This is the tax taken out of the employee's pay by the University each pay period and forwarded to the Australian Tax Office on the employee's behalf.
Pay as you earn (PAYE) is a system whereby your employer acts on behalf of the government by deducting the correct amount of tax from your salary before paying you.
Taxation that is automatically taken form your pay, excluding those who are self employed.
Every freelance model from babies to the elderly pays Pay As You Earn Tax which is 20/10% presently in the UK. This amount is deducted by your agency from your model fees and paid over to the Inland Revenue.
An abbreviation for 'Pay As You Earn' tax, where employees have income tax deducted from their wages or salary by their employer.