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The Epic Interactive Encyclopedia 1998
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Epic Interactive Encyclopedia, The - 1998 Edition (1998)(Epic Marketing).iso
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Withholding_tax
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1992-09-02
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Personal income tax on wages, salaries,
dividends, or other income that is taxed at
source or by a bank to ensure that it reaches
the tax authority. Those not liable to the
tax have to reclaim it. In the UK, the
withholding of taxes on wages and salaries is
known as PAYE (Pay As You Earn).