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What is PAYE and when is it payable to the Internal Revenue Commission? State the penalties for not complying with the stipulated requirements regarding PAYE remittance to the IRC.

PAYE Tax
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Dean Marzullo
This relates to student loans...When an employer withholds taxes from an employee's pay to make "pay-as-you-earn" contributions to the IRS, the amount withheld reflects some of the deductions that the employee will claim when he or she files income tax forms.
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