Advanced as in detention A tax deducted at the source of income, typically by an employer or payer, before the income is received by the recipient. Clear All
3 Example Sentences Showcasing the Meaning of 'Withholding Tax'
The company automatically deducts the withholding tax from each employee's paycheck.
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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