Expert A tax deducted at the source of income, typically by employers, before the income is paid to the recipient. Clear All
4 Example Sentences Showcasing the Meaning of 'Withholding Tax'
My employer automatically deducts a portion of my salary as withholding tax before I receive my paycheck.
As a self-employed individual, I need to calculate and pay withholding tax on my income.
The government uses withholding tax as a way to ensure regular income for public services.
Understanding withholding tax is crucial for anyone entering the workforce, regardless of their educational background.
Report
Meaning
Contribute
Copied