Pay-as-you-go basis

Definition:

A method of paying income tax in which the employer deducts a portion of an employee's monthly salary to remit to the IRS.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

First preferred stock

A type of preferred stock that has priority over other preferred issues and common stock when claiming dividends and assets.

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