what does assessable pay mean?

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what does assessable pay mean?

2007-04-14 08:57:07 · 2 answers · asked by Jammy 1 in Business & Finance ➔ Credit

2 answers

It MIGHT possibly mean the part of your pay which is subject to income tax (ie the amount which you pay tax on after you have deducted your tax allowance, tax-exempt expenses & pension contribution).

2007-04-14 09:09:52 · answer #1 · answered by Quasimojo 3 · 0⤊ 1⤋

Given that you are asking under 'Credit', I believe it refers the the portion of you pay subject to garnishment.

2007-04-14 16:30:00 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋