Advanced as in detention A tax that is retained or deducted from income at the source, typically by an employer, before it reaches the recipient. Clear All
4 Example Sentences Showcasing the Meaning of 'Withholding Tax'
The business owner calculated the withholding tax for each employee's paycheck.
The employee was surprised by the significant reduction in salary due to withholding tax.
High-income earners often face higher withholding tax rates on their investments.
The politician proposed reforms to simplify the withholding tax system for taxpayers.
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