What Is the 'PAYG Withholding Scheme

question 27

Multiple Choice

What is the 'PAYG withholding scheme'?

• A)A scheme whereby partners and sole traders pay instalments of tax based on the previous year's tax assessment.
• B)A scheme in which a business withholds and periodically pays to the Australian Tax Office income tax payable on payments to employees.
• C)A scheme whereby corporations pay instalments of tax for a year, based on the previous year's tax assessment.
• D)A scheme in which a business withholds and periodically pays to the Australian Tax office a sum representing its estimated yearly tax liability.

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Definitions:

Freud

Sigmund Freud, an Austrian neurologist, established psychoanalysis as a technique for addressing mental disorders through conversations between a psychoanalyst and their patient.

Bandura

Albert Bandura, a psychologist known for his work on social learning theory, emphasizing the importance of observing, modelling, and imitating the behaviors, attitudes, and emotional reactions of others.

Rogers

Refers to Carl Rogers, an influential American psychologist who founded the client-centered approach to therapy, emphasizing empathy and unconditional positive regard.

Illogical Thinking Process

A pattern of thought characterized by conclusions and reasoning that are not consistent with logical principles, often manifesting in various cognitive distortions.