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What is the main component of PAYG? 30–50 words

What is the main component of PAYG? 30–50 words

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PAYG stands for pay-as-you-earn Or pay-as-you-go. In Australia it is a withholding income tax obligation to employer to keep some amounts from the payments they make to their employees, to cover their income tax, any Higher Education Loan Programme repayments and the Medicare Levy.

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