Glossary beginning with W

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Withholding declaration search for term

A document that helps an employee notify their employer of a change in their PAYG withholding, for example, an entitlement to a tax offset. A withholding declaration authorises the employer to reduce or increase the amount of tax withheld from payments.

  • Fact 18

    World War II saw the percentage of women working at the ATO increase from 23% at the beginning of the war to a peak of 57% in 1945.

Compounding

Where the earnings from an investment are re-invested.

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