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What is paye?

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Anonymous

15y ago
Updated: 9/11/2023

a "payness" is the southern way of saying "penis".
EX: "Holy payness, that chick has a payness!"

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Wiki User

16y ago

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Continue Learning about Accounting

What is the double entry for paye as you earn payable to the inland revenue authority?

The double entry for PAYE (Pay As You Earn) payable to the Inland Revenue Authority involves recording the liability and the expense. When the payroll is processed, you would debit the salary or wages expense account and credit the PAYE payable account for the amount withheld from employees' wages. When you remit the PAYE to the Inland Revenue Authority, you would debit the PAYE payable account and credit the cash or bank account to reflect the payment.


What is the French work for Paycheck?

paycheck is translated by "feuille de paye" or "fiche de paye" in French. (This is your monthly pay record, which is never paid by check except for interim workers)


What do the letters PAYE stand for?

If it's for taxation purposes then it stands for "Pay As You Earn"


What is the difference between SITE and PAYE tax?

SITE (Standard Income Tax on Employees) is a tax regime specifically designed for employees in South Africa, where a fixed percentage is deducted from their salaries, while PAYE (Pay As You Earn) is a broader tax collection mechanism used in various countries, including South Africa, to withhold income tax on earnings from employment. PAYE adjusts the withholding based on an individual's income level and tax bracket, whereas SITE applies a uniform rate. Essentially, PAYE is more flexible and progressive, while SITE is simpler and applies a flat rate.


What does the government do with the PAYE it collects?

they give it to poor people,also meaning you did not do very well in business studies if You even did ur junior cert!!