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What is tax mean?
The English term 'tax' has several uses: 1: levy a tax on; 2: set or determine the amount of (a payment such as a fine); 3: charge against a citizen's person or property or activity for the support...
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What does PAYE tax mean?
Pay As You Earn A tax deducted at source by your employee before you get paid. A way for the government to get their tax without having to demand it.
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What is mean by income tax?
It is what the federal or state government charges you on your income. (the money you earn) It is a percentage of your income.It mean the tax youse has to pay on youse income.
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What does it mean to levy taxes?
To apply taxes. To have taxes on certain goods.
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What does it mean when you owe money on your taxes?
It means that your income was to high for any tax deduction of credits to be applied to your return. You need to find ways to maximize your deductions through business, medical, charitable...