Pay-as-you-go basis

Pay-as-you-go basis

A method of paying income tax in which the employer deducts a portion of an employee's monthly salary to remit to the IRS.
References in periodicals archive ?
Gerstner also promised that IBM would focus on this new utility model, delivering software, server time and data storage to customers on a pay-as-you-go basis, like power from a socket.
In the world of computing utility, customers can purchase storage, server and software from a central location on a pay-as-you-go basis, just as they can buy telephone services or electric power," Tapper explains.
The demo showed how public-domain Java applications and games can be offered free to customers as a value-added courtesy, and also showcased Speiros' built- in usage-metering services, which make it easy to deliver applications on a monthly rental or pay-as-you-go basis.
Unlike private pension plans where employee contributions are saved and invested, the Social Security system is financed on a pay-as-you-go basis.
In addition, the FASB proposes that additional amortization of the transition obligation be recorded if the computed amortization on a cumulative basis is less than the amount that would be recognized on a pay-as-you-go basis.
Since almost all companies account for the cost of these benefits on a pay-as-you-go basis, a practice that has been generally accepted for many years, interested parties will likely comment that a 15-year amortization period is too short and that greater flexibility is appropriate in transition.
The high levels of net revenue allow the facility to cover its annual renewal and replacement expenses as well as large one-time expenses on a pay-as-you-go basis.
With the explosive growth and demand for advanced multimedia applications, the need to integrate with a proven OSS platform is essential in order to create and deliver new services so that customers can adopt them on an as-needed or pay-as-you-go basis.
Annual capital reinvestment in Western Turnpike facilities is expected to range from $27 million to $37 million during the remaining life of the bonds and are expected to be funded on a pay-as-you-go basis from the general fund.
The projects are intended to keep the system in a state of good repair and will be cash funded on a pay-as-you-go basis.
Most capital improvements are done on a pay-as-you-go basis, and before 1999, the system did not have debt.
QuickCycles is a new Quickturn service offering that provides access to very fast simulation capabilities on a pay-as-you-go basis.